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

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $786.92.

A number of research firms have recently issued reports on MPWR. KeyCorp dropped their price objective on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus cut their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Raymond James reiterated an “outperform” rating and set a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Rosenblatt Securities restated a “neutral” rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd.

Monolithic Power Systems Stock Down 1.5%

Monolithic Power Systems stock opened at $720.83 on Friday. The company’s 50 day moving average price is $620.94 and its two-hundred day moving average price is $618.34. Monolithic Power Systems has a 52 week low of $438.86 and a 52 week high of $959.64. The stock has a market cap of $34.51 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.60 and a beta of 1.19.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Monolithic Power Systems’s revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.81 EPS. On average, equities analysts anticipate that Monolithic Power Systems will post 13.2 EPS for the current year.

Insider Activity at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the sale, the director now owns 676 shares of the company’s stock, valued at approximately $471,848. The trade was a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now directly owns 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,200 shares of company stock valued at $8,546,800. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in MPWR. Brighton Jones LLC lifted its stake in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 200 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in Monolithic Power Systems by 90.2% in the 4th quarter. DAVENPORT & Co LLC now owns 428 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 203 shares in the last quarter. YANKCOM Partnership purchased a new position in Monolithic Power Systems in the 4th quarter valued at $92,000. Financial Advocates Investment Management increased its stake in shares of Monolithic Power Systems by 11.4% in the 4th quarter. Financial Advocates Investment Management now owns 654 shares of the semiconductor company’s stock worth $387,000 after acquiring an additional 67 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Monolithic Power Systems by 2.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 112,391 shares of the semiconductor company’s stock worth $66,502,000 after acquiring an additional 2,491 shares during the last quarter. 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.