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

Key Points

• Stifel Nicolaus raised its price target for Monolithic Power Systems from $880.00 to $930.00, indicating a potential upside of 17.74% from the current stock price.
• The company's stock recently traded up 11.1% to $789.88, with a twelve-month range between $438.86 and $959.64.
• Despite recent insider selling, the stock maintains a consensus rating of "Moderate Buy" from analysts, with ten analysts giving it a buy rating.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) had its price objective raised by research analysts at Stifel Nicolaus from $880.00 to $930.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target suggests a potential upside of 17.74% from the stock's current price.

Several other equities analysts have also issued reports on MPWR. KeyCorp boosted their price target on Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a research note on Friday. Citigroup upped their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Raymond James Financial restated an "outperform" rating and set a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a report on Friday. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Loop Capital boosted their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $839.92.

Monolithic Power Systems Stock Up 11.1%

MPWR traded up $78.64 during trading on Friday, hitting $789.88. The company's stock had a trading volume of 847,859 shares, compared to its average volume of 815,854. Monolithic Power Systems has a twelve month low of $438.86 and a twelve month high of $959.64. The stock's fifty day moving average price is $712.10 and its 200-day moving average price is $648.04. The firm has a market capitalization of $37.82 billion, a P/E ratio of 21.00, a PEG ratio of 2.90 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly 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. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm had revenue of $664.57 million for the quarter, compared to analyst estimates of $648.74 million. During the same period in the previous year, the firm earned $3.17 earnings per share. The company's revenue was up 31.0% compared to the same quarter last year. Equities research analysts expect that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Insider Activity

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 transaction of $8,412,000.00. Following the completion of the sale, the executive vice president owned 4,015 shares in the company, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director owned 676 shares of the company's stock, valued at approximately $471,848. This trade represents a 12.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,200 shares of company stock worth $13,046,800. 3.40% of the stock is currently owned by insiders.

Institutional Trading of Monolithic Power Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Monolithic Power Systems in the first quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in Monolithic Power Systems in the fourth quarter worth approximately $29,000. SouthState Corp purchased a new stake in Monolithic Power Systems in the first quarter worth approximately $33,000. Itau Unibanco Holding S.A. boosted its stake in 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. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Monolithic Power Systems in the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

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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