Monolithic Power price target raised to $1,100 from $1,000 at Stifel

Stifel raised the firm’s price target on Monolithic Power to $1,100 from $1,000 and keeps a Buy rating on the shares after having recently hosted investor meetings with Chairman, CEO and Founder Michael Hsing and CFO Bernie Blegen. Following the senior management meetings, the firm believes Monolithic “remains the most innovative company in high performance analog that continues to ‘climb’ the value stack with a highly differentiated, complete systems-level approach” and remains confident in the company’s ability to outgrow the overall analog industry by 10%-15%-plus over the long term, the analyst tells investors.