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

Monolithic Power Systems (NASDAQ:MPWR)‘s stock had its “outperform” rating reaffirmed by analysts at Oppenheimer in a research note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $800.00 price target on the semiconductor company’s stock, up from their previous price target of $700.00. Oppenheimer’s price objective would indicate a potential upside of 12.04% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen lifted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Citigroup upped their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Stifel Nicolaus reduced their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $802.33.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $714.03 on Tuesday. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 2.85 and a beta of 1.20. Monolithic Power Systems has a one year low of $438.86 and a one year high of $959.64. The business’s 50-day simple moving average is $706.91 and its 200 day simple moving average is $640.22.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to analysts’ expectations of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business’s revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.81 EPS. On average, equities research analysts predict that Monolithic Power Systems will post 13.2 EPS for the current year.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the sale, the chief financial officer owned 46,939 shares in the company, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director directly owned 676 shares in the company, valued at approximately $471,848. This trade represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock valued at $13,046,800 in the last quarter. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the period. AlphaQuest LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $41,000. Independent Advisor Alliance lifted its holdings in Monolithic Power Systems by 131.4% in the fourth quarter. Independent Advisor Alliance now owns 546 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 310 shares during the period. Avantax Advisory Services Inc. grew its position in Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock valued at $1,893,000 after buying an additional 14 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Monolithic Power Systems during the 4th quarter valued at about $3,101,000. 93.46% of the stock is owned by institutional investors.

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.