Monolithic Power Systems saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 94 the day before.
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The upgrade means the stock is now outperforming 96% 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 moves.
Monolithic Power Systems is trading about 1% above a 755.00 entry from a cup without handle.
The stock has a 99 EPS Rating, which means its recent quarterly and 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.
In Q1, the company reported 44% earnings-per-share growth. That marks seven straight reports with rising EPS gains. Revenue growth increased 39%, up from 37% in the prior quarter. The company has now posted increasing growth in each of the last six quarters.
Monolithic Power Systems earns the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Arm Holdings ADR is the No. 1-ranked stock within the group.
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