Stifel Nicolaus Cuts Monolithic Power Systems (NASDAQ:MPWR) Price Target to $880.00

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) had its price target cut by Stifel Nicolaus from $1,100.00 to $880.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' target price points to a potential upside of 68.28% from the company's previous close.

Other research analysts have also issued reports about the stock. Citigroup decreased their price objective on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a report on Friday, April 11th. Wells Fargo & Company dropped their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Loop Capital lifted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, KeyCorp lifted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $826.17.

Monolithic Power Systems Stock Down 0.4 %

Shares of MPWR stock opened at $522.93 on Thursday. The firm has a market cap of $25.03 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The business has a 50-day moving average price of $599.40 and a two-hundred day moving average price of $662.57. Monolithic Power Systems has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data 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 return on equity of 20.36% and a net margin of 80.95%. As a group, research analysts expect that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction on Friday, February 7th. The stock was 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 owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently modified their holdings of MPWR. Morse Asset Management Inc acquired a new position in shares of Monolithic Power Systems in the 3rd quarter valued at $231,000. Barclays PLC lifted its position in shares of Monolithic Power Systems by 5.0% during the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock valued at $297,799,000 after buying an additional 15,350 shares in the last quarter. World Investment Advisors LLC increased its stake in Monolithic Power Systems by 14.6% during the 3rd quarter. World Investment Advisors LLC now owns 822 shares of the semiconductor company's stock worth $760,000 after buying an additional 105 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at approximately $23,233,000. Finally, Tidal Investments LLC grew its holdings in shares of Monolithic Power Systems by 105.7% in the third quarter. Tidal Investments LLC now owns 6,042 shares of the semiconductor company's stock valued at $5,586,000 after purchasing an additional 3,105 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

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.

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