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

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Finally, Wells Fargo & Company raised their price objective on 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. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Stock Performance

The firm has a market capitalization of $81.61 billion, a price-to-earnings ratio of 119.76, a P/E/G ratio of 2.86 and a beta of 1.74. The business has a 50 day simple moving average of $1,269.72 and a 200-day simple moving average of $1,108.40.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (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 business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the company earned $4.04 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 380 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,583.81, for a total value of $601,847.80. Following the completion of the sale, the executive vice president directly owned 919 shares of the company’s stock, valued at $1,455,521.39. This trade represents a 29.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Zhou sold 500 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,650.00, for a total value of $825,000.00. Following the completion of the sale, the director directly owned 4,286 shares of the company’s stock, valued at $7,071,900. This trade represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 88,192 shares of company stock worth $120,720,004. 3.40% of the stock is currently owned by company insiders.

Institutional Trading of Monolithic Power Systems

A number of hedge funds and other institutional investors have recently modified their holdings of MPWR. Corient Private Wealth LLC raised its holdings in Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after buying an additional 1,993,576 shares during the period. Norges Bank purchased a new stake in Monolithic Power Systems in the 4th quarter valued at about $658,656,000. Invesco Ltd. raised its holdings in Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after buying an additional 295,556 shares during the period. SG Americas Securities LLC raised its holdings in Monolithic Power Systems by 77,483.1% in the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after buying an additional 261,893 shares during the period. Finally, First Trust Advisors LP raised its holdings in Monolithic Power Systems by 56.6% in the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after buying an additional 253,653 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

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.