Wells Fargo & Company Has Lowered Expectations for Monolithic Power Systems (NASDAQ:MPWR) Stock Price

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) had its target price cut by analysts at Wells Fargo & Company from $710.00 to $665.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the semiconductor company's stock. Wells Fargo & Company's price target indicates a potential upside of 5.06% from the stock's current price.

MPWR has been the subject of a number of other reports. KeyCorp upped their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Oppenheimer cut their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Rosenblatt Securities decreased their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday. Loop Capital upped their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average target price of $851.58.

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Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $5.04 during midday trading on Friday, hitting $632.97. The company's stock had a trading volume of 702,437 shares, compared to its average volume of 686,130. The company has a market cap of $30.30 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64. The company has a 50-day moving average price of $637.11 and a two-hundred day moving average price of $704.09.

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

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Monolithic Power Systems

Hedge funds have recently made changes to their positions in the company. Caprock Group LLC boosted its position in Monolithic Power Systems by 64.3% during the 3rd quarter. Caprock Group LLC now owns 570 shares of the semiconductor company's stock worth $528,000 after buying an additional 223 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Monolithic Power Systems during the third quarter worth $1,570,000. PNC Financial Services Group Inc. lifted its holdings in shares of Monolithic Power Systems by 13.0% during the third quarter. PNC Financial Services Group Inc. now owns 10,139 shares of the semiconductor company's stock worth $9,374,000 after purchasing an additional 1,167 shares during the period. Commerce Bank grew its stake in shares of Monolithic Power Systems by 101.5% in the third quarter. Commerce Bank now owns 5,887 shares of the semiconductor company's stock worth $5,443,000 after purchasing an additional 2,965 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Monolithic Power Systems by 9.1% in the third quarter. LPL Financial LLC now owns 98,510 shares of the semiconductor company's stock valued at $91,073,000 after purchasing an additional 8,238 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

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.