Monolithic Power Systems' (MPWR) Outperform Rating Reaffirmed at Oppenheimer

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at Oppenheimer in a research note issued to investors on Monday,Benzinga reports. They presently have a $900.00 target price on the semiconductor company's stock. Oppenheimer's price target would suggest a potential upside of 38.73% from the stock's previous close.

Several other brokerages have also commented on MPWR. Needham & Company LLC reissued a "buy" rating and set a $950.00 price target on shares of Monolithic Power Systems in a research note on Tuesday. Raymond James boosted their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. TD Cowen dropped their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $916.73.

Monolithic Power Systems Stock Up 0.2 %

Monolithic Power Systems stock traded up $1.43 during trading on Monday, reaching $648.74. The stock had a trading volume of 2,230,092 shares, compared to its average volume of 575,583. Monolithic Power Systems has a 52-week low of $500.54 and a 52-week high of $959.64. The business has a 50 day moving average price of $881.04 and a 200 day moving average price of $830.41. The stock has a market cap of $31.65 billion, a PE ratio of 72.98, a P/E/G ratio of 3.62 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, equities analysts predict that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 9,259 shares of the firm's stock in a transaction on Tuesday, August 27th. The shares were 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 directly owns 20,455 shares in the company, valued at approximately $19,432,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 20,455 shares of the company's stock, valued at $19,432,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the completion of the transaction, the chief financial officer now owns 59,178 shares of the company's stock, valued at approximately $53,754,928.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,759 shares of company stock valued at $34,985,340 over the last ninety days. Corporate insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors have recently modified their holdings of the business. Family Firm Inc. bought a new position in Monolithic Power Systems during the 2nd quarter worth about $25,000. NBC Securities Inc. increased its stake in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock valued at $29,000 after buying an additional 26 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after buying an additional 34 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Monolithic Power Systems in the 3rd quarter valued at about $36,000. Finally, Atwood & Palmer Inc. acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at about $33,000. Institutional investors and hedge funds 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.