Monolithic Power Systems’ (MPWR) “Outperform” Rating Reaffirmed at Oppenheimer

Monolithic Power Systems (NASDAQ:MPWR)‘s stock had its “outperform” rating reaffirmed by investment analysts at Oppenheimer in a note issued to investors on Friday,Benzinga reports. They presently have a $800.00 price objective on the semiconductor company’s stock. Oppenheimer’s price objective would suggest a potential upside of 35.37% from the company’s current price.

A number of other research firms have also commented on MPWR. KeyCorp increased their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Citigroup initiated coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Wells Fargo & Company decreased their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday. Rosenblatt Securities decreased their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Loop Capital increased their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $590.98 on Friday. The firm has a market capitalization of $28.29 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The stock’s fifty day moving average is $636.30 and its two-hundred day moving average is $706.60.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. As a group, sell-side analysts forecast that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently modified their holdings of the stock. DSG Capital Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $2,280,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Monolithic Power Systems by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,281 shares of the semiconductor company’s stock valued at $1,942,000 after buying an additional 101 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $20,930,000. Virtue Capital Management LLC grew its stake in shares of Monolithic Power Systems by 6.3% in the fourth quarter. Virtue Capital Management LLC now owns 576 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 34 shares in the last quarter. Finally, Armis Advisers LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Monolithic Power Systems

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.