Monolithic Power Systems (NASDAQ:MPWR) Earns Hold Rating from Analysts at Loop Capital

Equities research analysts at Loop Capital started coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a report released on Monday,Benzinga reports. The firm set a “hold” rating and a $660.00 price target on the semiconductor company’s stock. Loop Capital’s price target suggests a potential upside of 1.96% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. KeyCorp lifted their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Raymond James increased their price target 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. Deutsche Bank Aktiengesellschaft increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Truist Financial reiterated a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $916.73.

Monolithic Power Systems Trading Down 15.0 %

MPWR stock traded down $113.99 during mid-day trading on Monday, hitting $647.31. The stock had a trading volume of 3,905,295 shares, compared to its average volume of 567,984. The firm has a fifty day simple moving average of $881.04 and a 200 day simple moving average of $830.41. The firm has a market capitalization of $31.58 billion, a P/E ratio of 72.98, a P/E/G ratio of 3.62 and a beta of 1.15. Monolithic Power Systems has a 52 week low of $500.54 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, equities analysts expect that Monolithic Power Systems will post 10.46 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares in the company, valued at approximately $55,769,247.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,759 shares of company stock valued at $34,985,340 in the last ninety days. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Monolithic Power Systems

A number of large investors have recently modified their holdings of the company. Assetmark Inc. raised its holdings in Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after buying an additional 1,082 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after purchasing an additional 9,125 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Monolithic Power Systems by 237.3% during the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after buying an additional 4,760 shares during the last quarter. Czech National Bank grew its holdings in Monolithic Power Systems by 9.8% during the second quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after buying an additional 824 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Monolithic Power Systems by 224.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after acquiring an additional 1,057 shares in the last quarter. 93.46% of the stock is currently 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.