Monolithic Power Systems (NASDAQ:MPWR) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Monolithic Power Systems to “buy” from “hold.” Other analysts are also largely bullish, with a consensus “Moderate Buy” rating and an average price target of $1,731.42.
• Monolithic Power Systems reported quarterly EPS of $6.50, beating estimates of $5.87, while revenue reached $980.64 million and rose 47.6% year over year.
• The stock opened at $1,439.73, with a $70.75 billion market capitalization and a high valuation of 88.27 times earnings; insiders sold 130 shares worth $175,397 during the latest quarter.

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

MPWR has been the topic of several other reports. Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the stock a "buy" rating in a research report on Thursday, August 20th. Wells Fargo & Company lifted their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Needham & Company LLC lifted their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a report on Friday, July 31st. KeyCorp upped their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,731.42.

Monolithic Power Systems Price Performance

MPWR opened at $1,439.73 on Friday. The stock has a market cap of $70.75 billion, a P/E ratio of 88.27 and a beta of 1.68. The stock's 50 day simple moving average is $1,302.39 and its 200 day simple moving average is $1,372.42. Monolithic Power Systems has a 1-year low of $833.18 and a 1-year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm's revenue for the quarter was up 47.6% on a year-over-year basis. During the same period last year, the firm posted $4.21 EPS. Research analysts expect that Monolithic Power Systems will post 23.35 EPS for the current fiscal year.

Insider Activity

In other news, Director Kuo Wei Chang sold 50 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares in the company, valued at approximately $660,008.55. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 130 shares of company stock worth $175,397. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of MPWR. Transamerica Financial Advisors LLC acquired a new position in Monolithic Power Systems during the 2nd quarter worth $35,000. Danske Bank A S acquired a new position in shares of Monolithic Power Systems during the second quarter valued at $36,000. Continuum Advisory LLC acquired a new position in shares of Monolithic Power Systems during the second quarter valued at $43,000. Sunbelt Securities Inc. raised its stake in shares of Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 28 shares in the last quarter. Finally, Essential Partners LLC raised its stake in shares of Monolithic Power Systems by 30.3% during the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 10 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Monolithic Power Systems

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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