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Shares of Monolithic Power Systems (NASDAQ:MPWR) reached a new 52-week high during trading on Tuesday , Analyst Ratings Network reports. The company traded as high as $45.50 and last traded at $45.30, with a volume of 124,912 shares traded. The stock had previously closed at $44.49.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, July 25th. They now have a $48.00 price target on the stock, up previously from $47.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, July 25th. They now have a $48.00 price target on the stock, up previously from $45.00. Finally, analysts at Evercore Partners initiated coverage on shares of Monolithic Power Systems in a research note on Friday, July 25th. They set an “overweight” rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus target price of $44.00.

The stock’s 50-day moving average is $42.2 and its 200-day moving average is $38.77. The company has a market cap of $1.758 billion and a price-to-earnings ratio of 58.01.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings data on Thursday, July 24th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.02. The company had revenue of $68.40 million for the quarter, compared to the consensus estimate of $67.14 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post $1.63 EPS for the current fiscal year.

In other Monolithic Power Systems news, Insider Deming Xiao sold 5,210 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $42.23, for a total value of $220,018.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Monolithic Power Systems, Inc (NASDAQ:MPWR) is a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors.

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