Monolithic Power Systems (NASDAQ:MPWR) Upgraded by Loop Capital to Buy Rating

Monolithic Power Systems (NASDAQ:MPWR) was upgraded by research analysts at Loop Capital from a “hold” rating to a “buy” rating in a report released on Monday, MarketBeat Ratings reports. The firm presently has a $660.00 price target on the semiconductor company’s stock. Loop Capital’s target price suggests a potential upside of 12.65% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. KeyCorp raised their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Truist Financial restated a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. TD Cowen cut their price objective on shares of 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. Oppenheimer restated an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $882.64.

Monolithic Power Systems Trading Down 0.3 %

NASDAQ:MPWR opened at $585.87 on Monday. The company’s 50-day moving average price is $851.50 and its 200-day moving average price is $827.45. The company has a market cap of $28.58 billion, a P/E ratio of 66.05, a P/E/G ratio of 2.73 and a beta of 1.15. Monolithic Power Systems has a twelve month low of $535.39 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results 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 business had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, analysts expect that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Insider Activity

In other news, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. This trade represents a 31.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The trade was a 3.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,359 shares of company stock valued at $36,209,571. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MPWR. Acadian Asset Management LLC boosted its stake in shares of Monolithic Power Systems by 224.4% in the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after purchasing an additional 1,057 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Monolithic Power Systems by 52.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,629 shares of the semiconductor company’s stock worth $1,104,000 after acquiring an additional 561 shares during the last quarter. Pitcairn Co. lifted its stake in Monolithic Power Systems by 11.5% in the first quarter. Pitcairn Co. now owns 2,394 shares of the semiconductor company’s stock worth $1,622,000 after acquiring an additional 247 shares during the last quarter. Natixis lifted its stake in Monolithic Power Systems by 169.1% in the first quarter. Natixis now owns 8,853 shares of the semiconductor company’s stock worth $5,997,000 after acquiring an additional 5,563 shares during the last quarter. Finally, MQS Management LLC purchased a new position in Monolithic Power Systems in the first quarter worth approximately $335,000. 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.