Top-Rated Stocks: Monolithic Power Systems Sees Composite Rating Climb To 96

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Monolithic Power Systems ( MPWR ) saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 93 the day before.

[ibd-display-video id=2102289 width=50 float=left autostart=true] The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run.

Monolithic Power Systems is now out of buy range after clearing the 105.89 entry in a cup with handle.

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The stock has a 97 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 97% of all stocks.

Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.

In Q3, the company reported 27% earnings-per-share growth. Revenue growth increased 21%, up from 19% in the prior quarter. That marks one quarter of accelerating revenue increases.

Monolithic Power Systems holds the No. 3 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom ( AVGO ) is the No. 1-ranked stock within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: MPWR , AVGO

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