After meeting with management, Oppenheimer analyst Rick Schafer notes that geopolitical uncertainty continues to impact near-term visibility and order patterns for the company and the group. Channel inventory ended Q1 above management targets but should exit Q2 within range, he adds. The analyst sees Monolithic Power leading as the macro demand environment improves, led near-term by server and auto and by e-commerce 1-2 years forward. Further, Schafer sees growth reaccelerating in the second half of the year and about 20% in 2020 as the company's sales track to $1B organically by 2021. In spite of macro uncertainty, Monolithic Power remains poised for sustained long term growth/upside, he contends, reiterating an Outperform rating and $160 price target on the shares.