Monolithic Power (MPWR) Received its Third Buy in a Row

After Oppenheimer and Rosenblatt Securities gave Monolithic Power (NASDAQ: MPWR) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Quinn Bolton assigned a Buy rating to Monolithic Power today and set a price target of $450.00. The company’s shares closed last Tuesday at $407.26, close to its 52-week high of $417.31.

According to, Bolton is a top 25 analyst with an average return of 44.2% and a 75.8% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Ultra Clean Holdings, and Allegro MicroSystems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monolithic Power with a $435.83 average price target, a 5.9% upside from current levels. In a report issued on July 21, Oppenheimer also maintained a Buy rating on the stock with a $450.00 price target.

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Monolithic Power’s market cap is currently $18.63B and has a P/E ratio of 112.20. The company has a Price to Book ratio of 18.61.

Based on the recent corporate insider activity of 124 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.