MPWR stock is running higher ahead of the company’s earnings report scheduled for October 28, 2021.
Monolithic Power Systems to Report Third Quarter Results on October 28, 2021
KIRKLAND, Wash., Oct. 15, 2021 (GLOBE NEWSWIRE) — Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the third quarter ended September 30, 2021.
MPS will report its results after the market closes on Thursday, October 28th and host its quarterly conference at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webinar, which can be accessed at https://mpsic.zoom.us/j/97341463994.
A replay of the event will be available for one year under the Investor Relations website at https://www.monolithicpower.com two hours after the live event has concluded.
Monolithic Power Systems, Inc. (MPS) is a global company that provides high-performance, semiconductor-based power electronics solutions. MPS’ mission is to reduce energy and material consumption to improve all aspects of quality of life. Founded in 1997 by Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary semiconductor process and system integration technologies. These combined advantages enable MPS to provide customers with reliable, compact and monolithic solutions that offer highly energy-efficient and cost-effective products, as well as providing a consistent return on investment to our stockholders.
MPWR Stock price target raised to $550 from $500 at Oppenheimer
On October 22, 2021, Oppenheimer analyst Rick Schafer raised the firm’s price target on MPWR stock to $550 from $500 and keeps an Outperform rating on the shares ahead of the company’s Q3 results on October 28. The analyst sees a “beat/raise” setup relative to consensus estimates as demand remains strong across Monolithic’s verticals and products. He sees auto, cloud, and 5G supporting structural “20%-plus” annual growth for the foreseeable future.
MPWR Stock price target raised to $525 from $445 at Deutsche Bank
On September 10, 2021, Deutsche Bank analyst Ross Seymore raised the firm’s price target on MPWR stock to $525 from $445 and keeps a Buy rating on the shares after hosting meetings with management. By investing to secure additional capacity, including bringing up a 12-inch fab last year and an 8-inch fab this year, the company has been able to consistently meet demand in targeted end markets such as automotive and data center, Seymore tells investors in a research note.
MPWR Stock Chart Technical Analysis
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