Monolithic Power Systems (NASDAQ:MPWR) Stock Price Expected to Rise, KeyCorp Analyst Says

Key Points

• KeyCorp analysts have raised their target price for Monolithic Power Systems (NASDAQ:MPWR) from $1,050 to $1,250, indicating a potential upside of 24.83% based on the stock's previous close.
• Monolithic Power Systems reported $4.21 EPS for the last quarter, exceeding analysts' expectations, with revenue of $664.57 million, which reflects a 31.0% year-over-year increase.
• Insiders sold 82,542 shares of Monolithic Power Systems worth approximately $70.97 million over the last quarter, with corporate insiders owning just 3.40% of the company's stock.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) had its target price boosted by analysts at KeyCorp from $1,050.00 to $1,250.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor company's stock. KeyCorp's target price would indicate a potential upside of 24.83% from the stock's previous close.

A number of other equities analysts have also recently commented on the company. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an "outperform" rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an "equal weight" rating in a research note on Monday. Rosenblatt Securities reaffirmed a "neutral" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, August 1st. Finally, Oppenheimer reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $963.18.

Monolithic Power Systems Stock Down 2.7%

Shares of NASDAQ:MPWR opened at $1,001.40 on Thursday. The firm has a fifty day simple moving average of $898.16 and a two-hundred day simple moving average of $753.97. Monolithic Power Systems has a 52 week low of $438.86 and a 52 week high of $1,041.50. The stock has a market capitalization of $47.96 billion, a P/E ratio of 26.08, a PEG ratio of 3.83 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.09. The firm had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.17 EPS. Monolithic Power Systems has set its Q3 2025 guidance at EPS. On average, analysts expect that Monolithic Power Systems will post 13.2 earnings per share for the current year.

Insider Activity at Monolithic Power Systems

In related news, EVP Saria Tseng sold 14,510 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $914.45, for a total value of $13,268,669.50. Following the completion of the transaction, the executive vice president owned 144,494 shares of the company's stock, valued at $132,132,538.30. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carintia Martinez sold 1,400 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $900.00, for a total value of $1,260,000.00. Following the sale, the director owned 878 shares of the company's stock, valued at approximately $790,200. This represents a 61.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,542 shares of company stock worth $70,973,777 over the last quarter. Corporate insiders own 3.40% of the company's stock.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Monolithic Power Systems in the second quarter worth about $438,014,000. Price T Rowe Associates Inc. MD boosted its stake in Monolithic Power Systems by 33.1% in the first 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 acquiring an additional 506,430 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Monolithic Power Systems by 36.1% in the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company's stock worth $626,592,000 after purchasing an additional 227,159 shares during the last quarter. Nuveen LLC acquired a new position in shares of Monolithic Power Systems during the first quarter worth $105,751,000. Finally, Rafferty Asset Management LLC lifted its holdings in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company's stock valued at $386,991,000 after purchasing an additional 140,269 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.