Monolithic Power Systems Reaches New 52-Week High (MPWR)

NEW YORK ( TheStreet) -- Monolithic Power Systems (Nasdaq: MPWR) hit a new 52-week high Tuesday as it is currently trading at $20, above its previous 52-week high of $19.99 with 122,083 shares traded as of 11:07 a.m. ET. Average volume has been 292,700 shares over the past 30 days.

Monolithic Power Systems has a market cap of $652.9 million and is part of the technology sector and electronics industry. Shares are up 30.7% year to date as of the close of trading on Monday.

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 51.9, above the average electronics industry P/E ratio of 50.3 and above the S&P 500 P/E ratio of 17.7.

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, good cash flow from operations, 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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