Loop Capital last night initiated coverage of Monolithic Power (MPWR) with a Hold rating and $660 price target. The firm is “impressed” with Monolithic ‘s “consistent ability” to take power management semiconductor market share in all types of market conditions, but feels the bull case thesis is well understood. Loop is looking for a more opportune time to become more constructive on the shares. The firm believes it will have such an opportunity between now and Nvidia’s (NVDA) launch of Rubin in 2026.
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