The analysts wrote, “We reaffirm our Buy rating and adjusting our 12-month target price from $26 to $27 on multiples expansion in the analog semiconductor space. Our $27 target price represents 27.0x P/E non-GAAP, which compare with its peer group’s average 26.6x P/E. … Risks to our 12-month target price include delayed ramp in new products, overly competitive environment, macroeconomic deterioration, and weakening in end market demand.”
Shares of Monolithic Power Systems traded up 0.29% during mid-day trading on Wednesday, hitting $24.6222. Monolithic Power Systems has a 52 week low of $17.07 and a 52 week high of $25.66. The stock’s 50-day moving average is currently $24.07. The company has a market cap of $878.3 million and a P/E ratio of 57.09.
Monolithic Power Systems last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21. The company had revenue of $48.20 million for the quarter, compared to the consensus estimate of $48.20 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts predict that Monolithic Power Systems will post $1.00 earnings per share for the current fiscal year.
Separately, analysts at Deutsche Bank raised their price target on shares of Monolithic Power Systems from $25.00 to $26.00 in a research note to investors on Thursday, February 7th. They now have a “buy” rating on the stock.
Monolithic Power Systems, Inc. (MPS) designs, develops and markets analog and mixed-signal semiconductors.
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