Monolithic Power Systems saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 92 to 98.
The upgrade means the stock is now outperforming 98% of all other stocks in terms of key performance metrics and technical strength.
Monolithic Power Systems has now climbed above a proper buy zone after breaking out from a 406.85 buy point in a consolidation.
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The stock earns a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks, with higher than average the past three days.
Earnings News
In Q1, the company posted 68% EPS growth. That means it's now generated two straight quarters of rising EPS gains. Top line growth rose 48%, up from 44% in the prior report. The company has now posted accelerating growth in each of the last two reports.
Monolithic Power Systems holds the No. 1 rank among its peers in the Electronics-Semiconductor Fabless industry group. Rambus and Alpha & Omega Semiconductor are also among the group's highest-rated stocks.
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