Monolithic Power Systems (NASDAQ:MPWR) Receives “Outperform” Rating from Oppenheimer

Monolithic Power Systems (NASDAQ:MPWR)‘s stock had its “outperform” rating restated by analysts at Oppenheimer in a report issued on Monday,Benzinga reports. They presently have a $900.00 target price on the semiconductor company’s stock. Oppenheimer’s target price would indicate a potential upside of 39.04% from the company’s current price.

A number of other research analysts have also weighed in on the company. 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 report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Truist Financial reaffirmed a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus boosted their target price on 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $916.73.

Monolithic Power Systems Stock Down 15.0 %

MPWR opened at $647.31 on Monday. The company has a market cap of $31.58 billion, a PE ratio of 72.98, a price-to-earnings-growth ratio of 3.62 and a beta of 1.15. Monolithic Power Systems has a twelve month low of $500.54 and a twelve month high of $959.64. The company has a 50-day moving average price of $881.04 and a 200 day moving average price of $830.41.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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 analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, sell-side analysts expect that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the transaction, the chief financial officer now owns 56,678 shares of the company’s stock, valued at $43,809,826.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the transaction, the chief financial officer now owns 56,678 shares in the company, valued at $43,809,826.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,759 shares of company stock valued at $34,985,340 over the last quarter. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors have recently modified their holdings of MPWR. LPL Financial LLC boosted its holdings in Monolithic Power Systems by 9.1% during the 3rd quarter. LPL Financial LLC now owns 98,510 shares of the semiconductor company’s stock valued at $91,073,000 after acquiring an additional 8,238 shares during the period. Moran Wealth Management LLC boosted its stake in shares of Monolithic Power Systems by 0.5% in the third quarter. Moran Wealth Management LLC now owns 15,150 shares of the semiconductor company’s stock valued at $14,006,000 after purchasing an additional 76 shares during the period. EULAV Asset Management boosted 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 purchasing an additional 8,600 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Monolithic Power Systems by 14.8% in the third quarter. Advisors Asset Management Inc. now owns 9,126 shares of the semiconductor company’s stock valued at $8,437,000 after purchasing an additional 1,174 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Monolithic Power Systems by 14,315.6% during the 3rd quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock worth $94,223,000 after buying an additional 101,211 shares during the period. 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.