Oppenheimer Maintains Perform on Monolithic Power Systems

Oppenheimer is out with its report today on Monolithic Power Systems MPWR, maintaining Perform. In its report, Oppenheimer writes, "Despite improved margin guidance, we believe investors remain concerned about long-term growth and GM trends. With shares off 23% YTD vs. the SOX down 9%, expectations appeared low heading into the earnings call and we anticipate a positive reaction Wednesday." At the time of posting, shares of MPWR were trading at $13.01, up 1.96% from Tuesday's close.