Monolithic Power Systems (MPWR) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 72 from a previous price target of $68 . Stifel advised their investors in a research report released on May 3, 2016.
On the company’s financial health, Monolithic Power Systems reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.44. The company had revenue of $84.50 million for the quarter, compared to analysts expectations of $82.99 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Monolithic Power Systems opened for trading at $61.09 and hit $63.72 on the upside on Monday, eventually ending the session at $63.51, with a gain of 1.75% or 1.09 points. The heightened volatility saw the trading volume jump to 4,12,728 shares. Company has a market cap of $2,553 M.
In a different news, on Apr 26, 2016, Deming Xiao (Pres. of MPS Asia Operations) sold 12 shares at $63.53 per share price. According to the SEC, on Apr 19, 2016, Michael Hsing (CEO) sold 19,693 shares at $64.91 per share price. On Apr 4, 2016, Maurice Sciammas (Sr. V.P.of Sales and Marketing) sold 4,622 shares at $64.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Monolithic Power Systems Inc. provides integrated power solutions. The Company provides power solutions for systems found in industrial applications telecom infrastructures cloud computing automotive and consumer applications. MPS can be contacted through its Website at www.monolithicpower.com or its support offices around the world. The Company is headquartered in San Jose California.