Monolithic Power Systems (NASDAQ:MPWR) Sets New 52-Week High – Should You Buy?

Monolithic Power Systems, Inc. (NASDAQ:MPWR) reached a new 52-week high during trading on Tuesday . The stock traded as high as $1,663.99 and last traded at $1,661.10, with a volume of 526603 shares traded. The stock had previously closed at $1,600.84.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, KeyCorp lifted their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Stock Performance

The stock has a fifty day moving average of $1,289.01 and a 200 day moving average of $1,116.69. The company has a market capitalization of $81.08 billion, a PE ratio of 118.99, a PEG ratio of 2.86 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same period in the previous year, the firm earned $4.04 EPS. The firm’s revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Insider Activity at Monolithic Power Systems

In related news, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the transaction, the director directly owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. This trade represents a 68.96% 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 380 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,583.81, for a total transaction of $601,847.80. Following the transaction, the executive vice president directly owned 919 shares of the company’s stock, valued at $1,455,521.39. The trade was a 29.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 87,992 shares of company stock valued at $120,484,010 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds have recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 9 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Monolithic Power Systems by 4.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after purchasing an additional 10 shares in the last quarter. Finally, YANKCOM Partnership grew its holdings in shares of Monolithic Power Systems by 6.7% in the fourth quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 11 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.