Needham & Company maintains Buy on Monolithic Power Systems (NASDAQ: MPWR) price target of $140.00.

Analyst Quinn Bolton comments "MPS' three largest revenue drivers in 2018 and 2019 are server power management ICs, automotive solutions, and enterprise SSD PMICs and we believe management's visibility into these drivers is robust. As all three of these segments carry GMs above the corporate average, we see a natural tailwind to margins over time. Historically, MPS has been adept at leveraging GM strength into revenue upside as the company opportunistically takes on additional traditional consumer and communications gateway business."

The analyst expects the four-year track record of meeting or beating consensus expectations to continue.

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Shares of Monolithic Power Systems closed at $123.78 yesterday.