Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average Recommendation of “Moderate Buy” by Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $1,599.1667.

Several research firms have commented on MPWR. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. KeyCorp lifted their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Raymond James Financial restated an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, TD Cowen raised their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st.

Insider Activity at Monolithic Power Systems

In other news, Director Jeff Zhou sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,650.00, for a total transaction of $825,000.00. Following the completion of the sale, the director owned 4,286 shares in the company, valued at $7,071,900. This trade represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the sale, the director owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,992 shares of company stock worth $139,220,810 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several large investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems in the 4th quarter valued at approximately $34,000. IFP Advisors Inc raised its holdings in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd raised its holdings in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $38,000. Finally, Cornerstone Planning Group LLC raised its holdings in Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,589.81 on Friday. Monolithic Power Systems has a fifty-two week low of $643.36 and a fifty-two week high of $1,675.42. The firm’s 50-day simple moving average is $1,356.19 and its 200 day simple moving average is $1,139.44. The stock has a market cap of $78.11 billion, a price-to-earnings ratio of 114.62, a PEG ratio of 2.79 and a beta of 1.74.

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

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.