Monolithic Power Systems' (MPWR) "Outperform" Rating Reiterated at Oppenheimer

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at Oppenheimer in a report released on Tuesday, Marketbeat reports. They currently have a $800.00 target price on the semiconductor company's stock, up from their previous target price of $700.00. Oppenheimer's target price points to a potential upside of 12.04% from the stock's current price.

MPWR has been the topic of a number of other research reports. Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Raymond James Financial reiterated an "outperform" rating and set a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. KeyCorp lifted their price target on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Citigroup lifted their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus target price of $802.33.

Monolithic Power Systems Stock Performance

Shares of MPWR traded down $3.59 during mid-day trading on Tuesday, hitting $714.03. The company's stock had a trading volume of 779,677 shares, compared to its average volume of 807,653. Monolithic Power Systems has a one year low of $438.86 and a one year high of $959.64. The firm has a market capitalization of $34.19 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.85 and a beta of 1.20. The stock's 50-day moving average is $706.91 and its two-hundred day moving average is $640.22.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The company had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same period in the prior year, the business earned $2.81 earnings per share. Monolithic Power Systems's revenue for the quarter was up 39.2% compared to the same quarter last year. Analysts expect that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 4,015 shares of the company's stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the sale, the chief financial officer owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is owned by insiders.

Institutional Trading of Monolithic Power Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Avantax Advisory Services Inc. lifted its position in shares of Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock worth $1,893,000 after buying an additional 14 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Monolithic Power Systems by 1.3% during the 2nd quarter. Wedmont Private Capital now owns 1,068 shares of the semiconductor company's stock worth $802,000 after buying an additional 14 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its position in shares of Monolithic Power Systems by 3.2% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company's stock worth $370,000 after buying an additional 20 shares during the last quarter. Cromwell Holdings LLC lifted its position in shares of Monolithic Power Systems by 18.7% during the 1st quarter. Cromwell Holdings LLC now owns 127 shares of the semiconductor company's stock worth $74,000 after buying an additional 20 shares during the last quarter. Finally, Burney Co. lifted its position in shares of Monolithic Power Systems by 2.2% during the 1st quarter. Burney Co. now owns 946 shares of the semiconductor company's stock worth $549,000 after buying an additional 20 shares during the last quarter. 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.