Monolithic Power Systems’ (MPWR) Neutral Rating Reaffirmed at Rosenblatt Securities

Monolithic Power Systems (NASDAQ:MPWR)‘s stock had its “neutral” rating reiterated by stock analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They presently have a $880.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 34.58% from the stock’s current price.

MPWR has been the topic of several other reports. Citigroup initiated coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Oppenheimer dropped their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a report on Monday, November 18th. Wells Fargo & Company initiated coverage on Monolithic Power Systems in a report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price on the stock. Finally, TD Cowen decreased their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $820.33.

Monolithic Power Systems Stock Down 0.4 %

Shares of NASDAQ:MPWR opened at $653.87 on Thursday. The firm has a fifty day moving average of $613.54 and a two-hundred day moving average of $756.52. Monolithic Power Systems has a 12-month low of $546.71 and a 12-month high of $959.64. The firm has a market capitalization of $31.90 billion, a P/E ratio of 73.72, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,100 shares of company stock worth $2,724,231. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its stake in Monolithic Power Systems by 6.6% in the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after buying an additional 1,082 shares in the last quarter. EULAV Asset Management raised its stake in shares of Monolithic Power Systems by 8.6% in the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock valued at $100,099,000 after acquiring an additional 8,600 shares during the last quarter. Paragon Advisors LLC grew its position in Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after acquiring an additional 2,997 shares during the last quarter. Empowered Funds LLC increased its holdings in Monolithic Power Systems by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after purchasing an additional 909 shares in the last quarter. Finally, Perpetual Ltd raised its position in Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock valued at $1,737,000 after purchasing an additional 2,679 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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.