Monolithic Power Systems saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 92 to 97.
Discover The 3 Keys To Successful Stock Investing
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Monolithic Power Systems broke out earlier, but is now approximately 1% below the 776.01 buy point from a cup with handle. See if it can climb back into the buy zone in heavy volume.
The stock has a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 44% earnings growth for Q1. That marks seven straight quarters of rising EPS performance. Sales growth increased 39%, up from 37% in the prior quarter. That marks six quarters of rising growth.
Monolithic Power Systems holds the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
