Truist raised the firm’s price target on Monolithic Power to $789 from $652 and keeps a Buy rating on the shares. The company delivered modest upside to Q4 estimates but guided Q1 more solidly above consensus, just as its inventories are below the long term target, the analyst tells investors in a research note.
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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
