Monolithic Power Systems, Inc. (NASDAQ:MPWR) reported upbeat earnings for the fourth quarter on Thursday.
The company posted quarterly earnings of $4.79 per share which beat the analyst consensus estimate of $4.72 per share. The company reported quarterly sales of $751.155 million which beat the analyst consensus estimate of $739.928 million.
“Our results demonstrate our continued success in transforming from a chip-only, semiconductor supplier to a full service, silicon-based solutions provider,” said Michael Hsing, CEO and founder of MPS.
Monolithic Power shares gained 4.4% to trade at $1,206.55 on Friday.
These analysts made changes to their price targets on Monolithic Power following earnings announcement.
- Needham analyst N. Quinn Bolton maintained Monolithic Power with a Buy and raised the price target from $1,250 to $1,300.
- Rosenblatt analyst Kevin Cassidy maintained the stock with a Neutral and raised the price target from $950 to $1,000.
- Keybanc analyst John Vinh maintained Monolithic Power Systems with an Overweight rating and raised the price target from $1,300 to $1,500.
- Truist Securities analyst William Stein maintained the stock with a Buy and raised the price target from $1,375 to $1,396.
- Wells Fargo analyst Joe Quatrochi maintained Monolithic Power with an Overweight rating and raised the price target from $1,200 to $1,350.
Considering buying MPWR stock? Here’s what analysts think:

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