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Monolithic Power (MPWR): New Buy Recommendation for This Technology Giant

Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Monolithic Power (MPWRResearch Report) today and set a price target of $620.00. The company’s shares closed last Monday at $462.30.

According to TipRanks.com, Mosesmann is a top 25 analyst with an average return of 31.4% and a 68.4% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Texas Instruments.

Currently, the analyst consensus on Monolithic Power is a Strong Buy with an average price target of $552.17, implying a 19.7% upside from current levels. In a report issued on July 20, Deutsche Bank also maintained a Buy rating on the stock with a $475.00 price target.

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The company has a one-year high of $580.00 and a one-year low of $348.02. Currently, Monolithic Power has an average volume of 471.7K.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MPWR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Monolithic Power Systems, Inc. designs, develops and markets power solutions. Its products include power modules, class-d audio, ultrasound mux, automotive, LED lighting and illumination, precision analog and motor drivers. The company was founded by Michael R. Hsing and James C. Moyer on August 22, 1997 and is headquartered in Kirkland, WA.

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