Monolithic Power Systems (NASDAQ:MPWR) Receives "Neutral" Rating from Rosenblatt Securities

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report)'s stock had its "neutral" rating reiterated by Rosenblatt Securities in a note issued to investors on Friday,Benzinga reports. They presently have a $644.00 price target on the semiconductor company's stock. Rosenblatt Securities' price objective would suggest a potential upside of 2.65% from the company's previous close.

Other equities analysts have also issued research reports about the company. Needham & Company LLC reiterated a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday. Loop Capital increased their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. TD Cowen boosted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday. Wells Fargo & Company lowered their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Finally, Oppenheimer restated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $779.83.

Monolithic Power Systems Trading Down 1.5 %

Shares of Monolithic Power Systems stock traded down $9.49 during trading on Friday, hitting $627.40. 628,950 shares of the stock were exchanged, compared to its average volume of 779,719. Monolithic Power Systems has a 1-year low of $438.86 and a 1-year high of $959.64. The stock has a market capitalization of $30.04 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The company has a fifty day moving average price of $570.60 and a 200-day moving average price of $628.90.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.81 earnings per share. Equities research analysts forecast 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 7,000 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares of the company's stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MPWR. Tradewinds Capital Management LLC lifted its stake in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $29,000. West Oak Capital LLC increased its position in shares of Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after buying an additional 545 shares during the period. Finally, Itau Unibanco Holding S.A. raised its stake in Monolithic Power Systems by 637.5% during 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 during 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.