Stifel Nicolaus Has Lowered Expectations for Monolithic Power Systems (NASDAQ:MPWR) Stock Price

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) had its target price decreased by equities researchers at Stifel Nicolaus from $1,100.00 to $880.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target would suggest a potential upside of 72.06% from the company's previous close.

Other analysts also recently issued reports about the stock. Rosenblatt Securities cut their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Citigroup lowered their target price on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company decreased their price target on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Finally, KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus price target of $826.17.

Monolithic Power Systems Trading Up 0.6 %

MPWR traded up $3.26 on Thursday, hitting $511.45. 267,963 shares of the company's stock were exchanged, compared to its average volume of 768,095. The stock has a fifty day moving average of $588.43 and a two-hundred day moving average of $650.59. Monolithic Power Systems has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a market cap of $24.48 billion, a PE ratio of 13.92, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. On average, analysts predict that Monolithic Power Systems will post 13.2 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently bought and sold shares of the business. Praxis Investment Management Inc. acquired a new stake in shares of Monolithic Power Systems during the first quarter worth approximately $980,000. Blue Trust Inc. grew its holdings in shares of Monolithic Power Systems by 24.9% during the 1st quarter. Blue Trust Inc. now owns 833 shares of the semiconductor company's stock valued at $483,000 after acquiring an additional 166 shares in the last quarter. United Advisor Group LLC acquired a new position in shares of Monolithic Power Systems in the first quarter worth $331,000. Global X Japan Co. Ltd. increased its stake in shares of Monolithic Power Systems by 4.9% in the first quarter. Global X Japan Co. Ltd. now owns 4,171 shares of the semiconductor company's stock worth $2,419,000 after acquiring an additional 193 shares during the last quarter. Finally, Davidson Capital Management Inc. raised its holdings in shares of Monolithic Power Systems by 32,100.0% during the first quarter. Davidson Capital Management Inc. now owns 5,152 shares of the semiconductor company's stock worth $2,988,000 after acquiring an additional 5,136 shares in the last quarter. 93.46% of the stock is 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.