Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Average Rating of “Moderate Buy” from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $779.83.

Several research analysts recently weighed in on MPWR shares. Stifel Nicolaus reduced their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Needham & Company LLC restated a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Raymond James restated an “outperform” rating and issued a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Oppenheimer restated an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st.

Monolithic Power Systems Trading Down 1.8%

Shares of MPWR stock opened at $702.39 on Tuesday. The stock has a 50 day moving average of $588.74 and a 200 day moving average of $613.88. The stock has a market cap of $33.63 billion, a P/E ratio of 19.10, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to analysts’ expectations of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Monolithic Power Systems’s quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the business earned $2.81 earnings per share. On average, research analysts predict that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the sale, the director now directly owns 776 shares of the company’s stock, valued at $504,400. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the sale, the executive vice president now directly owns 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 over the last ninety days. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Alpha LLC boosted its stake in Monolithic Power Systems by 8.6% during the first quarter. Advisory Alpha LLC now owns 571 shares of the semiconductor company’s stock worth $331,000 after buying an additional 45 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Monolithic Power Systems by 5.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 294,091 shares of the semiconductor company’s stock worth $170,567,000 after buying an additional 14,441 shares during the last quarter. Empowered Funds LLC boosted its stake in Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares during the last quarter. MBB Public Markets I LLC acquired a new position in Monolithic Power Systems during the first quarter worth $304,000. Finally, Vancity Investment Management Ltd acquired a new position in Monolithic Power Systems during the first quarter worth $238,000. Institutional investors and hedge funds 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.