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 $ 81 from a previous price target of $75 . Stifel advised their investors in a research report released on Jul 14, 2016.
Many Wall Street Analysts have commented on Monolithic Power Systems. Company shares were Reiterated by Stifel on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $68 .Company shares were Reiterated by Deutsche Bank on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $70 .
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 closed down -0.38 points or -0.54% at $70.33 with 2,60,713 shares getting traded on Wednesday. Post opening the session at $70.89, the shares hit an intraday low of $70.07 and an intraday high of $71.31 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jul 6, 2016, Deming Xiao (Pres. of MPS Asia Operations) sold 82 shares at $67.26 per share price. According to the SEC, on May 27, 2016, Victor K Lee (director) sold 9,357 shares at $68.04 per share price. On May 25, 2016, Saria Tseng (VP & General Counsel) sold 5,630 shares at $65.00 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.