Market Overview

UPDATE: Evercore Group Reiterates On Monolithic Power Systems Following Another Record Quarter


In a report published Friday, Evercore Group analyst Michael Lucarelli reiterated an Overweight rating on Monolithic Power Systems (NASDAQ: MPWR), and raised the price target from $46.00 to $50.00.

In the report, Evercore Group noted, “Our thesis remains intact with MPS delivering a record quarter (+$1.4mn / 2c above Street) and providing a robust outlook of +19% YoY revenue growth at the midpoint, or >2x analog peers. We think the best is yet to come with design wins across networking, auto, industrial, and server just beginning to generate revenues that will (1) deliver continued top-line outperformance of at least 2x vs. peers, (2) structurally lift GMs, and (3) unlock leverage that will (4) support additional s/h returns. Equally important, we do not believe MPS is resting on its laurels and is focused on maintaining its technology lead through organic investments and now with the small, technology tuck-in acquisition of Sensima. Shares have performed in-line with the SOX (+21% YTD) and given the sea of uncertainty in Semis today, we find MPS's stellar, yet steady, growth comforting and see outperformance ahead. Reiterate OW rating and raise PT to $50.”

Monolithic Power Systems closed on Thursday at $41.10.

Latest Ratings for MPWR

Sep 2019MaintainsBuy
Jun 2019Initiates Coverage OnBuy
May 2019DowngradesOverweightSector Weight

View More Analyst Ratings for MPWR
View the Latest Analyst Ratings

Posted-In: Evercore Group Michael LucarelliAnalyst Color Price Target Analyst Ratings


Related Articles (MPWR)

View Comments and Join the Discussion!

Latest Ratings

YEXTMorgan StanleyMaintains15.0
WKMorgan StanleyMaintains42.0
RAMPMorgan StanleyMaintains58.0
PDMorgan StanleyMaintains34.0
HTHTDaiwa CapitalDowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Wunderlich Securities Reiterates On Panera Bread Company On Intense Competition, Soft Consumer Spending

UPDATE: Xerox Posts Upbeat Q2 Earnings, Lifts Low End of FY14 Earnings Forecast