Monolithic Power Systems Shares Down 6% Despite Strong Q3 Results
<p><a href='https://financialmodelingprep.com/financial-summary/MPWR'>Monolithic Power Systems, Inc. (NASDAQ:MPWR) </a>shares were trading around 6% lower Friday afternoon, despite the company’s reported strong Q3 results. The company continued its pattern of delivering sizable revenue beats and raises, with Q3/Q4 being approximately +7%/+4% above the consensus estimates, as the company benefits from a combination of strong market demand, product-specific share gains, and superior supply. </p>
<p>For the full 2021-year, the company appears likely to grow revenue over 40%, roughly 20% above the analog market and easily exceeding its target of +10-15% outperformance. </p>
<p>Analysts at Deutsche Bank provided their outlook on the company, increasing their price target to $575 from $525. Looking into 2022, the analysts expect this outperformance vs. the broader analog market to continue driven by a combination of company-specific growth drivers (product cycles in Servers, Auto, NB, 5G etc.), and a strategic increase in capacity (>$2 billion in total revenue capacity online by mid-2022). </p>

NASDAQ:MPWR