Monolithic Power Systems (MPWR) Upgraded, Price Target Raised

Roth Capital Partners analyst Arnab Chanda upgraded Monolithic Power Systems, Inc. (NASDAQ: MPWR) shares from Hold to Buy and raised the price target from $20 to $25.

Monolithic Power Systems, Inc. designs, develops and markets analog and mixed-signal semiconductors.

The Roth Capital Partners analyst believes that Monolithic Power Systems growth will increase as new products go to market.

Among the risks faced by the company are customers pushing back to product adoption dates and ongoing litigation issues.

Monolithic Power Systems has been through multiple litigation proceedings over the past three years that have cost the company $41 million. Monolithic Power Systems believes litigation is an ongoing risk that can lead to unexpected charges and, according to Roth Capital Partners, "any unfavorable outcome or awards of damage could significantly impair the
company's operations."

Shares of Monolithic Power Systems closed Wednesday at $20.49 and the 52 week range is $11.26 to $25.26. The company has a market capitalization of $720.53 million and a P/E ratio of 38.16.