Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $743.78.

Several analysts have recently commented on MPWR shares. Oppenheimer increased their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. KeyCorp increased their price objective on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Truist Financial boosted their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. TD Cowen increased their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd.

Monolithic Power Systems Trading Down 0.7 %

NASDAQ MPWR opened at $708.02 on Friday. Monolithic Power Systems has a 1-year low of $392.10 and a 1-year high of $778.15. The company has a market capitalization of $34.48 billion, a price-to-earnings ratio of 84.39, a PEG ratio of 3.64 and a beta of 1.22. The stock’s 50 day moving average is $678.69 and its two-hundred day moving average is $622.75.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. On average, analysts predict that Monolithic Power Systems will post 10.05 earnings per share for the current year.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 869 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.02, for a total transaction of $599,627.38. Following the transaction, the executive vice president now owns 203,521 shares in the company, valued at $140,433,560.42. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Monolithic Power Systems news, EVP Saria Tseng sold 869 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $690.02, for a total value of $599,627.38. Following the sale, the executive vice president now directly owns 203,521 shares in the company, valued at $140,433,560.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $750.57, for a total transaction of $150,114.00. Following the completion of the sale, the director now owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Insiders have sold 45,130 shares of company stock worth $31,066,617 in the last three months. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several institutional investors have recently modified their holdings of MPWR. Kingsview Wealth Management LLC raised its holdings in Monolithic Power Systems by 62.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 1,683 shares of the semiconductor company’s stock worth $1,140,000 after buying an additional 646 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Monolithic Power Systems by 19.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after acquiring an additional 9,125 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $287,000. Patton Fund Management Inc. bought a new stake in Monolithic Power Systems in the 1st quarter valued at $6,480,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Monolithic Power Systems by 61.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock worth $2,010,000 after purchasing an additional 1,124 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.