Oppenheimer Believes Monolithic Power (NASDAQ: MPWR) Won’t Stop Here

By Jason Carr

In a report released yesterday, Rick Schafer from Oppenheimer reiterated a Buy rating on Monolithic Power (NASDAQ: MPWR). The company’s shares closed yesterday at $99.03, close to its 52-week high of $103.92.

According to TipRanks.com, Schafer is a top 100 analyst with an average return of 15.9% and a 69.3% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Advanced Micro Devices, and NXP Semiconductors.

Monolithic Power has an analyst consensus of Strong Buy, with a price target consensus of $105.

The company has a one year high of $103.92 and a one year low of $65.11. Currently, Monolithic Power has an average volume of 276.8K.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Monolithic Power Systems, Inc. is a power solutions company. Its activities include design, development, marketing and sale of high-performance power solutions used in the field of communications, storage, and computing, consumer and industrial. It offers power conversion, lighting and illumination, E-fuse and switches, as well as battery management.