NEW YORK (

TheStreet

) --

Monolithic Power Systems

(Nasdaq:

MPWR

) hit a new 52-week high Friday as it is currently trading at $18.79, above its previous 52-week high of $18.73 with 53,790 shares traded as of 10:45 a.m. ET. Average volume has been 244,700 shares over the past 30 days.

Monolithic Power Systems has a market cap of $575.2 million and is part of the

technology

sector and

electronics

industry. Shares are up 23.1% year to date as of the close of trading on Thursday.

Monolithic Power Systems, Inc., a fabless semiconductor company, designs, develops, and markets analog and mixed-signal semiconductors. The company has a P/E ratio of 24.9, below the average electronics industry P/E ratio of 41.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Monolithic Power Systems as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Monolithic Power Systems Ratings Report

.

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