Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $786.92.

MPWR has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup increased their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday. Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $687.08 on Friday. Monolithic Power Systems has a 52 week low of $438.86 and a 52 week high of $959.64. The stock has a market capitalization of $32.90 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.60 and a beta of 1.18. The stock has a fifty day moving average of $609.10 and a 200-day moving average of $615.23.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same period in the prior year, the company earned $2.81 EPS. Monolithic Power Systems's revenue was up 39.2% compared to the same quarter last year. As a group, equities analysts forecast that Monolithic Power Systems will post 13.2 EPS for the current year.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director now directly owns 676 shares of the company's stock, valued at approximately $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,200 shares of company stock valued at $8,546,800. Corporate insiders own 3.40% of the company's stock.

Institutional Trading of Monolithic Power Systems

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company's stock valued at $3,433,870,000 after buying an additional 96,395 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Monolithic Power Systems by 33.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company's stock valued at $1,180,104,000 after buying an additional 506,430 shares during the period. Geode Capital Management LLC grew its stake in shares of Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after buying an additional 31,295 shares during the period. Invesco Ltd. grew its stake in shares of Monolithic Power Systems by 7.5% in the 1st quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company's stock valued at $724,589,000 after buying an additional 86,853 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Monolithic Power Systems by 0.5% in the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock valued at $583,420,000 after buying an additional 5,274 shares during the period. 93.46% of the stock is currently 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.

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