Monolithic Power Systems (NASDAQ:MPWR) Stock Price Target Cut by TD Cowen

Monolithic Power Systems (NASDAQ:MPWR) had its price objective decreased by analysts at TD Cowen from $1,850.00 to $1,700.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s target price points to a potential upside of 35.60% from the stock’s previous close.

A number of other research analysts have also weighed in on MPWR. Wall Street Zen lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Rosenblatt Securities restated a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,724.79.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,253.66 on Monday. The stock has a market cap of $61.60 billion, a PE ratio of 76.86 and a beta of 1.68. Monolithic Power Systems has a fifty-two week low of $833.18 and a fifty-two week high of $1,714.09. The stock has a fifty day moving average of $1,301.39 and a 200-day moving average of $1,395.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The firm’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.21 EPS. On average, sell-side analysts predict that Monolithic Power Systems will post 23.95 EPS for the current year.

Insiders Place Their Bets

In related news, Director Kuo Wei Chang sold 50 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 130 shares of company stock worth $175,397 in the last quarter. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Monolithic Power Systems

A number of large investors have recently modified their holdings of MPWR. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Monolithic Power Systems by 1.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,909 shares of the semiconductor company’s stock valued at $9,308,000 after purchasing an additional 120 shares in the last quarter. CFS Investment Advisory Services LLC bought a new stake in Monolithic Power Systems during the third quarter valued at approximately $209,000. First Bank & Trust lifted its position in Monolithic Power Systems by 3.7% during the third quarter. First Bank & Trust now owns 254 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 9 shares during the last quarter. Optivise Advisory Services LLC grew its stake in Monolithic Power Systems by 31.1% in the 3rd quarter. Optivise Advisory Services LLC now owns 198 shares of the semiconductor company’s stock worth $267,000 after buying an additional 47 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Monolithic Power Systems by 18.4% in the 3rd quarter. IFP Advisors Inc now owns 116 shares of the semiconductor company’s stock worth $156,000 after buying an additional 18 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.