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Investing.com - KeyBanc Capital Markets has raised its price target on Monolithic Power Systems (NASDAQ:MPWR) to $1,050 from $950 while maintaining an Overweight rating on the stock. The company, currently valued at $42.46 billion, has demonstrated strong financial health with an "GREAT" rating according to InvestingPro’s comprehensive analysis.
The firm cited Monolithic Power’s significant market share gains in Nvidia’s Blackwell Ultra (B300 HGX) AI chips as a key factor behind the more optimistic outlook. According to KeyBanc, Monolithic Power has secured approximately 50% share of the B300 HGX platform, with supply constraints limiting competitor Alpha and Omega Semiconductor’s ability to meet demand. This market position has contributed to the company’s impressive 34.3% revenue growth over the last twelve months.
KeyBanc also noted that Monolithic Power’s incumbent position on the B300 HGX platform positions the company as a frontrunner to win business on Nvidia’s upcoming Rubin R200 HGX platform, alongside Alpha and Omega Semiconductor.
The research firm has revised its financial projections for Monolithic Power, now forecasting the company’s Enterprise segment to decline by only 4% in 2025, compared to Monolithic Power’s own midpoint guidance of a 10% decline.
The updated price target represents approximately 15% potential upside from Monolithic Power’s previous closing price, reflecting KeyBanc’s confidence in the company’s strengthening position in the artificial intelligence chip power management market.
In other recent news, Monolithic Power Systems reported a significant boost in its Q2 2025 earnings, achieving record revenue of $664.6 million, which surpassed analysts’ forecasts. The company’s earnings per share also exceeded expectations, coming in at $4.21 compared to the anticipated $4.11. Additionally, Monolithic Power Systems announced a quarterly dividend of $1.56 per common share, to be paid on October 15, 2025, to shareholders of record as of September 30, 2025.
In another development, Needham analyst Quinn Bolton raised the price target for Monolithic Power Systems to $1,025 from $820, while maintaining a Buy rating. This adjustment followed investor meetings with key executives from the company, where multiple growth drivers were discussed. These recent developments highlight the company’s ongoing financial performance and investor interest.
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