Monolithic Power Systems (NASDAQ:MPWR - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Oppenheimer in a note issued to investors on Friday,Benzinga reports. They presently have a $800.00 price target on the semiconductor company's stock. Oppenheimer's price objective would indicate a potential upside of 28.00% from the stock's current price.
A number of other brokerages have also recently commented on MPWR. Rosenblatt Securities dropped their price target on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a research report on Friday. Loop Capital upped their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Citigroup initiated coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 target price for the company. 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. Finally, KeyCorp raised their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $851.58.
Get Our Latest Stock Report on MPWR
Monolithic Power Systems Stock Up 5.8 %
MPWR traded up $34.02 during trading on Friday, hitting $625.00. 314,197 shares of the company traded hands, compared to its average volume of 682,360. The firm has a market cap of $29.92 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems has a one year low of $546.71 and a one year high of $959.64. The stock's fifty day moving average is $636.30 and its 200 day moving average is $705.59.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued 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, equities research analysts forecast that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.
Insider Buying and Selling
In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.
Institutional Trading of Monolithic Power Systems
Institutional investors and hedge funds have recently made changes to their positions in the stock. Tradewinds Capital Management LLC increased its stake in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. lifted its position in Monolithic Power Systems by 637.5% in the 4th 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. Finally, Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 93.46% of the company's stock.
About Monolithic Power Systems
(
Get Free Report)
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.
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