Raymond James analyst Chris Caso reiterated a Buy rating on Monolithic Power (NASDAQ:MPWR) on Thursday, setting a price target of $336, which is approximately 5.45% above the present share price of $318.63.
Caso expects Monolithic Power to post earnings per share (EPS) of $0.67 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Monolithic Power, with an average price target of $342.67.
The analysts price targets range from a high of $380 to a low of $290.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $186.21 million and a net profit of $30.04 million. The company's market cap is $14.31 billion.
According to TipRanks.com, Raymond James analyst Chris Caso is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.1% and a 56.67% success rate.
Monolithic Power Systems, Inc. designs, develops and markets power solutions. Its products include power modules, class-d audio, ultrasound mux, automotive, LED lighting and illumination, precision analog and motor drivers. The company was founded by Michael R. Hsing and James C. Moyer on August 22, 1997 and is headquartered in Kirkland, WA.