Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $716.90 Consensus PT from Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $743.78.

MPWR has been the topic of several analyst reports. 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. Truist Financial raised their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. TD Cowen upped their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Oppenheimer increased their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction on Monday, February 12th. The shares were sold at an average price of $750.57, for a total transaction of $150,114.00. Following the transaction, the director now owns 6,269 shares in the company, valued at approximately $4,705,323.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Kuo Wei Herbert Chang sold 250 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $750.00, for a total transaction of $187,500.00. Following the completion of the sale, the director now owns 1,391 shares in the company, valued at $1,043,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Zhou sold 200 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $750.57, for a total transaction of $150,114.00. Following the transaction, the director now directly owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,130 shares of company stock valued at $31,066,617. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several institutional investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC increased its holdings in shares of Monolithic Power Systems by 62.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 1,683 shares of the semiconductor company’s stock worth $1,140,000 after buying an additional 646 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Monolithic Power Systems by 19.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after buying an additional 9,125 shares during the period. Fortis Capital Advisors LLC purchased a new stake in Monolithic Power Systems during the 1st quarter valued at $287,000. Patton Fund Management Inc. bought a new stake in Monolithic Power Systems in the first quarter worth $6,480,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Monolithic Power Systems by 61.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock worth $2,010,000 after buying an additional 1,124 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 0.7 %

NASDAQ MPWR opened at $708.02 on Friday. The firm has a market capitalization of $34.48 billion, a PE ratio of 84.39, a P/E/G ratio of 3.64 and a beta of 1.22. The stock’s 50 day moving average is $678.69 and its 200 day moving average is $622.75. Monolithic Power Systems has a twelve month low of $392.10 and a twelve month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The business had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. On average, research analysts anticipate that Monolithic Power Systems will post 10.05 earnings per share for the current year.

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.