Monolithic Power Systems (NASDAQ:MPWR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) had its price objective raised by analysts at Wells Fargo & Company from $665.00 to $695.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the semiconductor company's stock. Wells Fargo & Company's target price suggests a potential downside of 2.21% from the company's previous close.

Several other research firms have also issued reports on MPWR. Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus reduced their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. 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. Finally, Oppenheimer reiterated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $789.42.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $37.70 during mid-day trading on Monday, hitting $710.71. 81,448 shares of the company were exchanged, compared to its average volume of 800,099. The business's 50 day simple moving average is $629.90 and its two-hundred day simple moving average is $620.69. Monolithic Power Systems has a 12-month low of $438.86 and a 12-month high of $959.64. The company has a market capitalization of $34.03 billion, a P/E ratio of 19.28, a PEG ratio of 2.60 and a beta of 1.19.

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

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 776 shares in the company, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the company's 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 now directly owns 4,015 shares of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock worth $8,546,800 in the last ninety days. 3.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 200 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Monolithic Power Systems by 5.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 20,512 shares of the semiconductor company's stock valued at $12,568,000 after acquiring an additional 1,034 shares during the last quarter. Principal Securities Inc. raised its position in shares of Monolithic Power Systems by 45.4% during the fourth quarter. Principal Securities Inc. now owns 782 shares of the semiconductor company's stock worth $463,000 after purchasing an additional 244 shares during the period. Allworth Financial LP raised its position in shares of Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock worth $92,000 after purchasing an additional 16 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Monolithic Power Systems by 115.2% in the 4th quarter. Principal Financial Group Inc. now owns 174,411 shares of the semiconductor company's stock valued at $103,200,000 after purchasing an additional 93,347 shares during the period. 93.46% of the stock is currently owned by institutional investors.

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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