Stifel Nicolaus Maintains Monolithic Power Systems to Buy with Price Target $81.00

Brokerage firm Stifel Nicolaus Maintains its rating on Monolithic Power Systems(NASDAQ:MPWR). In a research note issued to the investors, the brokerage major Raises the price-target to $81.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Jul 14, 2016.

In a different note, On May 3, 2016, Stifel Nicolaus said it Maintains its rating on Monolithic Power Systems. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Buy’ by the firm. On May 3, 2016, Oppenheimer said it Maintains its rating on Monolithic Power Systems. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Outperform’ by the firm.

Monolithic Power Systems (MPWR) shares turned negative on Mondays trading session with the shares closing down -0.07 points or -0.10% at a volume of 1,94,060. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $71.68. The peak price level was also seen at $71.68 while the days lowest was $70.78. Finally the shares closed at $70.85. The 52-week high of the shares is $71.68 while the 52-week low is $40.752. According to the latest information available, the market cap of the company is $2,855 M.

Monolithic Power Systems(MPWR) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $84.51M. Analysts had an estimated revenue of $82.99M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.44.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Deming Xiao (Pres. of MPS Asia Operations) sold 82 shares at $67.26 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *