Piper Jaffray Reiterates a Buy on Monolithic Power Systems (MPWR), Adds to Alpha List

September 30, 2008 9:23 AM EDT

Piper Jaffray & Co. reiterates a Buy on Monolithic Power Systems (Nasdaq: MPWR), adds stock to Alpha List.

Piper analyst says, "We continue to like shares of Monolithic Power due to its strong product momentum and earnings power. We believe new products are driving growth in new applications, new markets and new customers for the company. In addition, MPWR has been increasing its content in notebooks and LCD displays while driving penetration in cell phones, digital still cameras, STBs, and in industrial and telecom applications...The stock has retreated ~40% since early-September we believe on nervousness about the company's exposure to PC and LCD TV markets, and the overall macro environment. MPWR has a very well diversified revenue base with little end market or customer concentration, and investor fears appear overblown to us."

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


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