Needham analyst N. Quinn Bolton raised the firm’s price target on Monolithic Power to $800 from $500 and keeps a Buy rating on the shares. The firm is citing the company’s Q4 earnings beat while noting that it should hold the majority of AI GPU power management share through 2024, with the majority of share losses will come from lower power consumption, the analyst tells investors in a research note. Future high power GPUs should also benefit Monolithic Power through material content increases, the firm added.
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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
