Needham & Company LLC Reiterates Buy Rating for Monolithic Power Systems (NASDAQ:MPWR)

Monolithic Power Systems (NASDAQ:MPWR)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research report issued on Thursday, Benzinga reports. They presently have a $800.00 price target on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 13.12% from the stock’s current price.

A number of other research firms have also recently commented on MPWR. TD Cowen lifted their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. KeyCorp boosted their target price on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Oppenheimer increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $716.90.

Monolithic Power Systems Stock Down 0.8 %

Shares of NASDAQ MPWR traded down $5.67 during trading hours on Thursday, hitting $707.22. The company had a trading volume of 585,707 shares, compared to its average volume of 544,973. Monolithic Power Systems has a 1-year low of $383.19 and a 1-year high of $778.15. The firm’s 50 day moving average is $678.85 and its 200-day moving average is $615.35. The stock has a market capitalization of $34.41 billion, a P/E ratio of 84.29, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million for 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, sell-side analysts predict that Monolithic Power Systems will post 10.05 earnings per share for the current year.

Insider Buying and Selling at Monolithic Power Systems

In other news, insider Deming Xiao sold 859 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the transaction, the insider now owns 208,580 shares in the company, valued at $141,834,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the transaction, the insider now directly owns 208,580 shares of the company’s stock, valued at approximately $141,834,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the sale, the director now owns 6,269 shares in the company, valued at $4,705,323.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,077 shares of company stock valued at $30,986,274. 3.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Monolithic Power Systems

A number of large investors have recently modified their holdings of MPWR. Baader Bank Aktiengesellschaft lifted its position in Monolithic Power Systems by 0.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock valued at $1,153,000 after purchasing an additional 14 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 15 shares during the last quarter. American National Bank increased its stake in shares of Monolithic Power Systems by 1.5% during the fourth quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 16 shares during the period. HB Wealth Management LLC increased its position in Monolithic Power Systems by 2.0% during the 1st quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock valued at $541,000 after purchasing an additional 16 shares during the period. Finally, Arlington Capital Management Inc. raised its stake in Monolithic Power Systems by 1.4% in the first quarter. Arlington Capital Management Inc. now owns 1,301 shares of the semiconductor company’s stock worth $881,000 after buying an additional 18 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

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.