Monolithic Power Systems (NASDAQ:MPWR) Price Target Raised to $1,100.00 at Stifel Nicolaus

Monolithic Power Systems (NASDAQ:MPWR) had its target price hoisted by analysts at Stifel Nicolaus from $1,000.00 to $1,100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 18.92% from the stock’s current price.

Several other research firms have also weighed in on MPWR. KeyCorp increased their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Rosenblatt Securities increased their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Truist Financial increased their target price on Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Raymond James increased their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $952.30.

Monolithic Power Systems Stock Down 2.1 %

Shares of MPWR opened at $924.99 on Friday. Monolithic Power Systems has a 12-month low of $392.10 and a 12-month high of $959.64. The firm has a market capitalization of $45.03 billion, a PE ratio of 110.25, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. The stock’s fifty day simple moving average is $869.22 and its 200-day simple moving average is $782.65.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. Analysts anticipate that Monolithic Power Systems will post 10.41 EPS for the current year.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $804.19, for a total transaction of $2,010,475.00. Following the completion of the transaction, the chief financial officer now directly owns 69,986 shares in the company, valued at $56,282,041.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $804.19, for a total transaction of $2,010,475.00. Following the completion of the transaction, the chief financial officer now directly owns 69,986 shares in the company, valued at $56,282,041.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 9,259 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the transaction, the executive vice president now owns 20,455 shares of the company’s stock, valued at $19,432,250. The disclosure for this sale can be found here. Insiders have sold a total of 97,299 shares of company stock valued at $82,320,473 over the last 90 days. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Monolithic Power Systems by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after purchasing an additional 55,874 shares in the last quarter. Wellington Management Group LLP grew its stake in Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after purchasing an additional 85,676 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Monolithic Power Systems by 1.2% during the 4th quarter. Capital Research Global Investors now owns 616,180 shares of the semiconductor company’s stock worth $388,674,000 after acquiring an additional 7,323 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Monolithic Power Systems by 4.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 483,812 shares of the semiconductor company’s stock worth $327,743,000 after acquiring an additional 22,725 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Monolithic Power Systems by 10.4% during the 2nd quarter. Van ECK Associates Corp now owns 354,461 shares of the semiconductor company’s stock worth $291,254,000 after acquiring an additional 33,287 shares during the period. 93.46% of the stock is currently 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.