Oppenheimer raised the firm’s price target on Monolithic Power to $750 from $700 and keeps an Outperform rating on the shares. The firm notes the company delivered upside results and outlook. Oppenheimer sees gross margin improving this year on mix/normalizing demand.
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Read More on MPWR:
- Monolithic Power Raises Quarterly Dividend to $1.25
- Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2023 and an Increase in Quarterly Cash Dividend
- MPS Acquires Axign B.V., an Innovative Digital Signal Processor Company
- Is MPWR a Buy, Before Earnings?
- Monolithic Power price target raised to $700 from $600 at Oppenheimer
