Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) had its price objective increased by investment analysts at KeyCorp from $940.00 to $950.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor company's stock. KeyCorp's target price would suggest a potential upside of 28.67% from the company's current price.
Several other brokerages have also commented on MPWR. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price objective (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $695.00 to $730.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Citigroup raised their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Raymond James Financial reissued an "outperform" rating and set a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus target price of $834.08.
View Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Stock Up 3.8%
Shares of Monolithic Power Systems stock opened at $738.30 on Friday. The firm has a market capitalization of $35.35 billion, a P/E ratio of 19.64, a PEG ratio of 2.90 and a beta of 1.20. The company has a 50 day moving average price of $712.10 and a 200 day moving average price of $648.04. Monolithic Power Systems has a 52 week low of $438.86 and a 52 week high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.12 by $0.09. The firm had revenue of $664.57 million during the quarter, compared to analyst estimates of $648.74 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. Monolithic Power Systems's revenue was up 31.0% on a year-over-year basis. During the same period last year, the firm posted $3.17 EPS. As a group, research analysts anticipate that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.
Insider Activity at Monolithic Power Systems
In related news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the sale, the chief financial officer owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president directly owned 4,015 shares of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is owned by company insiders.
Hedge Funds Weigh In On Monolithic Power Systems
Hedge funds and other institutional investors have recently modified their holdings of the business. WPG Advisers LLC purchased a new position in shares of Monolithic Power Systems in the first quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth about $29,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Monolithic Power Systems in the second quarter worth about $36,000. SouthState Corp purchased a new position in shares of Monolithic Power Systems in the first quarter worth about $33,000. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after buying an additional 51 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.
About Monolithic Power Systems
(
Get Free Report)
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.
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