Monolithic Power Systems (MPWR) : 8 analysts are covering Monolithic Power Systems (MPWR) and their average rating on the stock is 1.5, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Monolithic Power Systems (MPWR) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Monolithic Power Systems (MPWR) : 6 Wall Street analysts covering Monolithic Power Systems (MPWR) believe that the average level the stock could reach for the short term is $78.17. The maximum price target given is $82 and the minimum target for short term is around $68, hence the standard deviation is calculated at $5.08.
Also, Stifel Nicolaus maintains their rating on the shares of Monolithic Power Systems (NASDAQ:MPWR). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $81 per share from $75 per share. The rating by the firm was issued on July 14, 2016.
Monolithic Power Systems (NASDAQ:MPWR): After opening at $74.79, the stock dipped to an intraday low of $74.07 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $75.4 and the buying power remained strong till the end. The stock closed at $75.21 for the day, a gain of 0.74% for the day session. The total traded volume was 647,585. The stocks close on the previous trading day was $74.66.
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.