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Fly News Breaks for May 1, 2018
MPWR
May 1, 2018 | 09:01 EDT
Needham analyst N. Quinn Bolton raised his price target on Monolithic Power to $150 and kept his Buy rating after its Q1 earnings beat. Bolton notes the company's strength in automotive, storage and computing markets, with automotive being its fastest growing segment. The analyst also raised his FY18 and FY19 EPS by 10c to $3.65 and $4.35 respectively, stating that the near term growth drivers of Monolithic Power remain intact.
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