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

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $779.83.

Several research analysts have issued reports on MPWR shares. KeyCorp dropped their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Raymond James restated an "outperform" rating and set a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Wells Fargo & Company dropped their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Finally, Oppenheimer reissued an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the transaction, the executive vice president now owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the transaction, the director now owns 676 shares of the company's stock, valued at $471,848. This represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock valued at $8,546,800 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Monolithic Power Systems

A number of hedge funds have recently made changes to their positions in the business. Perbak Capital Partners LLP bought a new position in Monolithic Power Systems during the 1st quarter valued at $330,000. EP Wealth Advisors LLC lifted its stake in Monolithic Power Systems by 5.3% during the first quarter. EP Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock worth $289,000 after purchasing an additional 25 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in shares of Monolithic Power Systems in the first quarter valued at approximately $207,000. Nomura Holdings Inc. raised its position in Monolithic Power Systems by 104.0% in the 1st quarter. Nomura Holdings Inc. now owns 4,766 shares of the semiconductor company's stock worth $2,764,000 after purchasing an additional 124,480 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Monolithic Power Systems by 37.0% during the 1st quarter. Panagora Asset Management Inc. now owns 94,479 shares of the semiconductor company's stock valued at $54,796,000 after acquiring an additional 25,533 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Down 3.3%

MPWR stock traded down $23.96 during mid-day trading on Tuesday, reaching $710.32. The company had a trading volume of 981,392 shares, compared to its average volume of 791,709. The stock's 50-day simple moving average is $583.45 and its two-hundred day simple moving average is $618.88. Monolithic Power Systems has a one year low of $438.86 and a one year high of $959.64. The stock has a market capitalization of $34.01 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.60 and a beta of 1.18.

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

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.