Monolithic Power Systems (NASDAQ:MPWR) Given New $1,300.00 Price Target at Stifel Nicolaus

Monolithic Power Systems (NASDAQ:MPWR) had its target price lifted by analysts at Stifel Nicolaus from $1,250.00 to $1,300.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target points to a potential upside of 11.60% from the company’s current price.

MPWR has been the topic of several other reports. Oppenheimer reissued an “outperform” rating and issued a $1,300.00 target price on shares of Monolithic Power Systems in a research report on Thursday, January 29th. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, Rosenblatt Securities raised their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Buy” and an average price target of $1,152.08.

Monolithic Power Systems Trading Down 0.7%

NASDAQ:MPWR opened at $1,164.83 on Wednesday. The company’s 50 day moving average is $989.53 and its two-hundred day moving average is $926.15. The company has a market cap of $55.81 billion, a PE ratio of 29.75, a P/E/G ratio of 3.29 and a beta of 1.45. Monolithic Power Systems has a twelve month low of $438.86 and a twelve month high of $1,199.76.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 27,966 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the sale, the executive vice president owned 148,306 shares of the company’s stock, valued at $130,755,467.96. This trade represents a 15.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total transaction of $89,697.00. Following the transaction, the director directly owned 426 shares of the company’s stock, valued at approximately $382,109.22. This trade represents a 19.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 66,776 shares of company stock valued at $60,099,765 in the last three months. 3.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently modified their holdings of MPWR. True Wealth Design LLC raised its holdings in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 11 shares during the period. SJS Investment Consulting Inc. increased its position in shares of Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. NewSquare Capital LLC increased its position in shares of Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Monolithic Power Systems during the 3rd quarter worth approximately $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $34,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

About Monolithic Power Systems

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.