Report
Seth Sherwood
EUR 100.00 For Business Accounts Only

Monolithic’s Dramatic Revenue Growth Looks Likely to Continue; Initiating with $130 FVE

We are launching coverage of power and analog chip designer Monolithic Power Systems with a $130 fair value estimate and note that shares are currently fairly valued in our opinion. While we would advise investors to wait for a margin of safety, we believe the firm’s strong revenue growth and improving operating leverage make this a company worth watching. We believe Monolithic has demonstrated marked expertise in designing integrated power solutions for a variety of end markets, which should en...
Underlying
Monolithic Power Systems Inc.

Monolithic Power Systems is a fabless semiconductor company. The company designs, develops and markets power solutions for systems found in consumer, computing and storage, automotive, industrial, communications and consumer applications. The company's primary product families include the following: Direct Current (DC) to DC products, which are used to convert and control voltages within a range of electronic systems such as portable electronic devices, wireless Local Area Network access points, computers, and monitors, automobiles and medical equipment; and Lighting Control Products, which include lighting control integrated circuits that are used in backlighting and general illumination products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Sherwood

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