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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.


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

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