Monolithic Power Systems (NASDAQ:MPWR) PT Raised to $1,100.00 at Stifel Nicolaus

Monolithic Power Systems (NASDAQ:MPWR) had its price objective hoisted by analysts at Stifel Nicolaus from $1,000.00 to $1,100.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 18.92% from the stock’s previous close.

A number of other research analysts also recently weighed in on MPWR. KeyCorp raised their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Raymond James raised their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Oppenheimer raised their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Needham & Company LLC raised their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Truist Financial upped their price target on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $952.30.

Monolithic Power Systems Price Performance

MPWR opened at $924.99 on Friday. Monolithic Power Systems has a fifty-two week low of $392.10 and a fifty-two week high of $959.64. The business has a 50-day moving average of $869.22 and a 200-day moving average of $782.65. The company has a market capitalization of $45.03 billion, a PE ratio of 110.25, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same period last year, the business earned $2.05 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems will post 10.41 earnings per share for the current fiscal year.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the transaction, the executive vice president now directly owns 202,354 shares in the company, valued at $157,510,330.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the sale, the executive vice president now owns 202,354 shares in the company, valued at $157,510,330.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,299 shares of company stock worth $82,320,473. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of Monolithic Power Systems

A number of large investors have recently bought and sold shares of MPWR. Family Firm Inc. bought a new stake in shares of Monolithic Power Systems during the second quarter worth $25,000. RiverPark Advisors LLC bought a new stake in shares of Monolithic Power Systems during the first quarter worth $27,000. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems during the first quarter worth $31,000. Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems during the second quarter worth $33,000. Finally, Crewe Advisors LLC grew its holdings in shares of Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

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.