Monolithic Power signs new distribution agreement with Future Electronics Monolithic Power Systems has signed a distribution agreement with Future Electronics for the promotion and sale of MPS products in the Americas. Future will distribute MPS high-performance power solutions addressing a wide range of analog applications, particularly in lighting and industrial markets.
Monolithic Power weakness creates buying opportunity, says Oppenheimer Oppenheimer believes that the 15% drop in Monolithic's stock since its September high creates a buying opportunity. The firm expects the company to generate "outsize growth" and gross margin increases. It reiterates a $45 price target and Outperform rating.