Monolithic Power Systems (MPWR) was Upgraded by Raymond James to ” Strong Buy”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Nov 21, 2016.
Many Wall Street Analysts have commented on Monolithic Power Systems. Monolithic Power Systems was Upgraded by Raymond James to ” Strong Buy” on Nov 21, 2016. Company shares were Reiterated by Stifel on Nov 1, 2016 to “Buy”, Firm has raised the Price Target to $ 84 from a previous price target of $82 .
On the company’s financial health, Monolithic Power Systems reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.65. The company had revenue of $106.46 million for the quarter, compared to analysts expectations of $105.98 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Monolithic Power Systems opened for trading at $81.66 and hit $82.16 on the upside on Monday, eventually ending the session at $81.83, with a gain of 0.23% or 0.19 points. The heightened volatility saw the trading volume jump to 1,74,406 shares. Company has a market cap of $3,328 M.
In a different news, on Nov 17, 2016, Michael Hsing (CEO) sold 15,412 shares at $81.18 per share price. According to the SEC, on Nov 14, 2016, Deming Xiao (Pres. of MPS Asia Operations) sold 12,657 shares at $78.38 per share price. On Nov 8, 2016, Maurice Sciammas (Sr. V.P.of Sales and Marketing) sold 6,319 shares at $77.10 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.