Monolithic Power Systems (NASDAQ:MPWR) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Monolithic Power Systems to “Hold” from “Buy,” although the broader analyst consensus remains “Moderate Buy,” with 13 Buy ratings and three Hold ratings and an average price target of $1,735.50.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 beating estimates by $0.63 and revenue of $980.64 million rising 47.6% year over year.
• Shares opened at $1,210.86, below both their 50-day and 200-day moving averages, while insiders sold 130 shares worth approximately $175,397 over the prior 90 days.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Raymond James Financial reiterated an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Weiss Ratings upgraded Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. TD Cowen reaffirmed a "buy" rating on shares of Monolithic Power Systems in a research report on Monday, October 5th. Finally, Needham & Company LLC upped their target price on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,735.50.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,210.86 on Friday. The company has a 50-day simple moving average of $1,303.94 and a 200-day simple moving average of $1,391.23. The company has a market cap of $59.50 billion, a PE ratio of 74.80 and a beta of 1.68. Monolithic Power Systems has a 12 month low of $833.18 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the firm posted $4.21 earnings per share. The company's quarterly revenue was up 47.6% compared to the same quarter last year. On average, analysts anticipate that Monolithic Power Systems will post 23.86 EPS for the current year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director owned 515 shares of the company's stock, valued at $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 130 shares of company stock valued at $175,397 in the last ninety days. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Royal Fund Management LLC grew its position in Monolithic Power Systems by 2.7% during the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock valued at $289,000 after acquiring an additional 7 shares during the period. Eastern Bank increased its stake in Monolithic Power Systems by 8.0% during the third quarter. Eastern Bank now owns 108 shares of the semiconductor company's stock worth $146,000 after acquiring an additional 8 shares during the last quarter. Avidian Wealth Enterprises LLC increased its stake in Monolithic Power Systems by 4.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company's stock worth $250,000 after acquiring an additional 8 shares during the last quarter. Bell Investment Advisors Inc raised its holdings in shares of Monolithic Power Systems by 23.7% in the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 9 shares during the period. Finally, Worthington Financial Partners LLC raised its holdings in shares of Monolithic Power Systems by 0.6% in the 3rd quarter. Worthington Financial Partners LLC now owns 1,622 shares of the semiconductor company's stock worth $2,185,000 after purchasing an additional 9 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc NASDAQ: MPWR is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company's product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.

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