Monolithic Power Systems (NASDAQ:MPWR) Price Target Cut to $750.00 by Analysts at Rosenblatt Securities

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) had its price target reduced by research analysts at Rosenblatt Securities from $800.00 to $750.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the semiconductor company's stock. Rosenblatt Securities' price target suggests a potential upside of 18.49% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. KeyCorp increased their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Citigroup assumed coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price target for the company. Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Oppenheimer dropped their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company boosted their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $851.58.

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Monolithic Power Systems Stock Performance

NASDAQ:MPWR traded up $5.04 during mid-day trading on Friday, reaching $632.97. The stock had a trading volume of 702,437 shares, compared to its average volume of 686,130. The business has a 50 day simple moving average of $637.11 and a 200 day simple moving average of $704.09. Monolithic Power Systems has a twelve month low of $546.71 and a twelve month high of $959.64. The firm has a market capitalization 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 (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. As a group, sell-side analysts expect that Monolithic Power Systems will post 13.2 earnings per share for the current year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction 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 directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tradewinds Capital Management LLC grew its holdings in Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at about $29,000. West Oak Capital LLC increased its stake in 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 acquiring an additional 545 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of 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 purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

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.