Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $743.78 Average Price Target from Brokerages

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) have received an average rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $743.78.

MPWR has been the subject of a number of research reports. KeyCorp increased their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. TD Cowen upped their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Truist Financial lifted their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, May 2nd.

Get Our Latest Stock Analysis on MPWR

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 1,300 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total transaction of $1,000,220.00. Following the completion of the sale, the executive vice president now directly owns 206,418 shares in the company, valued at $158,818,009.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Kuo Wei Herbert Chang sold 200 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $735.00, for a total transaction of $147,000.00. Following the completion of the sale, the director now owns 941 shares of the company’s stock, valued at $691,635. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 1,300 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the completion of the transaction, the executive vice president now directly owns 206,418 shares in the company, valued at approximately $158,818,009.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,630 shares of company stock worth $24,226,598. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds have recently made changes to their positions in the company. Baader Bank Aktiengesellschaft increased its holdings in Monolithic Power Systems by 0.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock valued at $1,153,000 after buying an additional 14 shares during the period. EverSource Wealth Advisors LLC boosted its position in Monolithic Power Systems by 23.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 15 shares in the last quarter. American National Bank increased its holdings in shares of Monolithic Power Systems by 1.5% in the 4th quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock valued at $669,000 after acquiring an additional 16 shares during the period. HB Wealth Management LLC raised its position in shares of Monolithic Power Systems by 2.0% in the 1st quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock worth $541,000 after acquiring an additional 16 shares in the last quarter. Finally, Arlington Capital Management Inc. lifted its stake in shares of Monolithic Power Systems by 1.4% during the 1st quarter. Arlington Capital Management Inc. now owns 1,301 shares of the semiconductor company’s stock worth $881,000 after purchasing an additional 18 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Down 0.3 %

Shares of MPWR stock opened at $743.90 on Tuesday. The company’s fifty day simple moving average is $686.43 and its two-hundred day simple moving average is $652.12. Monolithic Power Systems has a 52 week low of $392.10 and a 52 week high of $778.15. The stock has a market cap of $36.21 billion, a P/E ratio of 88.96, a PEG ratio of 3.92 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The firm had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. On average, analysts anticipate that Monolithic Power Systems will post 10.03 EPS for the current fiscal year.

About Monolithic Power Systems

(Get Free Report

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.

See Also

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.