Monolithic Power Systems (NASDAQ:MPWR) Given "Neutral" Rating at Rosenblatt Securities

Key Points

• Monolithic Power Systems has received a "Neutral" rating from Rosenblatt Securities with a target price of $800.00, indicating a potential upside of 12.48% from its previous close.
• The company reported earnings of $4.21 per share for the last quarter, surpassing analysts' expectations and marking a 31.0% increase in revenue year-over-year.
• Institutional investors own 93.46% of Monolithic Power Systems, highlighting significant interest and investment in the semiconductor firm.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report)'s stock had its "neutral" rating reiterated by equities researchers at Rosenblatt Securities in a report released on Friday,Benzinga reports. They currently have a $800.00 target price on the semiconductor company's stock. Rosenblatt Securities' price target would suggest a potential upside of 12.48% from the stock's previous close.

Several other equities analysts have also issued reports on the stock. Loop Capital boosted their target price on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $695.00 to $730.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Citigroup lifted their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, TD Cowen lifted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $820.33.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $711.24 on Friday. The firm has a market cap of $34.05 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 2.90 and a beta of 1.20. Monolithic Power Systems has a 52 week low of $438.86 and a 52 week high of $959.64. The firm's fifty day moving average is $712.10 and its 200-day moving average is $648.04.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.09. The business had revenue of $664.57 million for 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 for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.17 earnings per share. Sell-side 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 the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the sale, the director directly owned 676 shares of the company's stock, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,200 shares of company stock valued at $13,046,800 over the last three months. Corporate insiders own 3.40% of the company's stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors have recently added to or reduced their stakes in MPWR. GAMMA Investing LLC grew its position in Monolithic Power Systems by 76,432.3% in the 1st quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock worth $451,418,000 after purchasing an additional 777,316 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 worth $1,180,104,000 after purchasing an additional 506,430 shares in the last quarter. Siemens Fonds Invest GmbH grew its position in Monolithic Power Systems by 18,567.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock worth $118,628,000 after purchasing an additional 199,413 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Monolithic Power Systems in the 4th quarter worth about $113,547,000. Finally, Ensign Peak Advisors Inc grew its position in Monolithic Power Systems by 121.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock worth $199,449,000 after purchasing an additional 185,002 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Company Profile

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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