Monolithic Power Systems (NASDAQ:MPWR) Lowered to Hold Rating by Rosenblatt Securities

Monolithic Power Systems (NASDAQ:MPWR) was downgraded by research analysts at Rosenblatt Securities from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

MPWR has been the topic of a number of other research reports. Needham & Company LLC cut their target price on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a report on Thursday. TD Cowen cut their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Truist Financial reaffirmed a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, KeyCorp lifted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $942.40.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $759.37 on Thursday. Monolithic Power Systems has a one year low of $459.69 and a one year high of $959.64. The company’s 50-day simple moving average is $900.59 and its 200-day simple moving average is $821.62. The stock has a market capitalization of $37.02 billion, a price-to-earnings ratio of 85.61, a PEG ratio of 4.25 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 21.00% and a net margin of 21.29%. The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. As a group, research analysts forecast that Monolithic Power Systems will post 10.41 EPS for the current year.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now owns 202,354 shares in the company, valued at $157,510,330.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $668,637.01. Following the completion of the transaction, the executive vice president now owns 202,354 shares in the company, valued at approximately $157,510,330.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,636 shares of company stock worth $36,459,953 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in Monolithic Power Systems in the second quarter worth approximately $25,000. RiverPark Advisors LLC acquired a new position in Monolithic Power Systems in the first quarter worth approximately $27,000. NBC Securities Inc. grew its position in Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after buying an additional 26 shares during the last quarter. Wolff Wiese Magana LLC grew its position in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the last quarter. Finally, Atwood & Palmer Inc. acquired a new position in Monolithic Power Systems in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Monolithic Power Systems

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.