In a report released today, Hans Mosesmann from Rosenblatt Securities reiterated a Buy rating on Monolithic Power (MPWR – Research Report), with a price target of $620.00. The company’s shares closed last Monday at $396.95.
According to TipRanks.com, Mosesmann is a top 25 analyst with an average return of 32.3% and a 71.5% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Texas Instruments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monolithic Power with a $533.75 average price target, a 33.1% upside from current levels. In a report issued on February 3, Oppenheimer also maintained a Buy rating on the stock with a $525.00 price target.
The company has a one-year high of $580.00 and a one-year low of $301.51. Currently, Monolithic Power has an average volume of 367.4K.
Based on the recent corporate insider activity of 122 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.
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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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