KeyCorp Analysts Lift Earnings Estimates for MPWR

Key Points

• KeyCorp raised its earnings forecasts for Monolithic Power Systems (MPWR), lifting its FY2026 EPS estimate to $24.51 and FY2027 estimate to $34.92. It maintained an “Overweight” rating and a $2,100 price target.
• Analyst sentiment remains broadly positive, with 13 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $1,735.50, despite one recent downgrade from Wall Street Zen.
• MPWR’s latest quarterly results exceeded expectations, with EPS of $6.50 and revenue of $980.64 million, up 47.6% year over year. The company also pays a quarterly dividend of $2.00, equivalent to a 0.7% annual yield.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) - Research analysts at KeyCorp raised their Q3 2026 EPS estimates for Monolithic Power Systems in a report released on Wednesday, October 14th. KeyCorp analyst J. Vinh now expects that the semiconductor company will post earnings per share of $7.10 for the quarter, up from their previous forecast of $5.61. KeyCorp has an "Overweight" rating and a $2,100.00 price target on the stock. The consensus estimate for Monolithic Power Systems' current full-year earnings is $23.95 per share. KeyCorp also issued estimates for Monolithic Power Systems' Q4 2026 earnings at $7.56 EPS, FY2026 earnings at $24.51 EPS, Q1 2027 earnings at $7.49 EPS, Q2 2027 earnings at $8.14 EPS, Q3 2027 earnings at $9.20 EPS, Q4 2027 earnings at $10.06 EPS and FY2027 earnings at $34.92 EPS.

MPWR has been the subject of several other reports. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Weiss Ratings raised Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Truist Financial increased their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a report on Friday, July 31st. Wall Street Zen cut Monolithic Power Systems from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Raymond James Financial restated an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average target price of $1,735.50.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,210.86 on Monday. Monolithic Power Systems has a 52 week low of $833.18 and a 52 week high of $1,714.09. The company's 50 day moving average is $1,303.94 and its two-hundred day moving average is $1,393.97. The company has a market cap of $59.50 billion, a PE ratio of 74.24 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the previous year, the firm earned $4.21 earnings per share. The firm's quarterly revenue was up 47.6% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MPWR. IFP Advisors Inc lifted its holdings in shares of Monolithic Power Systems by 18.4% during the 3rd quarter. IFP Advisors Inc now owns 116 shares of the semiconductor company's stock worth $156,000 after acquiring an additional 18 shares during the period. Hutchens & Kramer Investment Management Group LLC boosted its position in shares of Monolithic Power Systems by 21.9% in the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 239 shares of the semiconductor company's stock worth $322,000 after acquiring an additional 43 shares during the last quarter. Snider Financial Group boosted its position in shares of Monolithic Power Systems by 5.4% in the third quarter. Snider Financial Group now owns 3,089 shares of the semiconductor company's stock worth $4,162,000 after acquiring an additional 157 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Monolithic Power Systems by 10.2% in the third quarter. TD Waterhouse Canada Inc. now owns 411 shares of the semiconductor company's stock valued at $559,000 after purchasing an additional 38 shares during the period. Finally, Walser Wealth Management Company A Ltd Liability Co purchased a new stake in Monolithic Power Systems in the third quarter valued at approximately $500,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the company's stock in a transaction 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 completion of the transaction, the director owned 515 shares of the company's stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 130 shares of company stock worth $175,397 over the last quarter. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 30th. Monolithic Power Systems's dividend payout ratio is currently 49.05%.

Key Monolithic Power Systems News

Here are the key news stories impacting Monolithic Power Systems this week:

• Positive Sentiment: KeyCorp raised earnings forecasts across 2026 and 2027. The firm increased its FY2026 EPS estimate to $24.51 from $21.05 and its FY2027 estimate to $34.92 from $29.54. Quarterly estimates were also lifted, including Q3 2026 EPS to $7.10, Q4 2026 to $7.56, and Q1–Q4 2027 estimates ranging from $7.49 to $10.06. These revisions signal stronger anticipated growth and profitability for MPWR.
• Positive Sentiment: KeyCorp reiterated an “Overweight” rating and a $2,100 price target. The target implies substantial upside from the stock’s recent trading level, reinforcing the analyst’s confidence in Monolithic Power Systems’ long-term earnings potential.
• Neutral Sentiment: The earnings upgrades are from a single analyst and primarily affect future periods. While KeyCorp’s forecasts are well above its previous estimates, investors may still await the company’s actual quarterly results and guidance before fully crediting the projected growth.
• Negative Sentiment: Wall Street Zen lowered its rating on Monolithic Power Systems. The article does not provide the new rating or the reasons for the downgrade, but the negative action creates a counterweight to KeyCorp’s bullish revisions and could add selling pressure. Monolithic Power Systems Stock Rating Lowered by Wall Street Zen

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 regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company's portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.

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