Monolithic Power Systems (NASDAQ:MPWR) Rating Increased to Strong-Buy at William Blair

Monolithic Power Systems (NASDAQ:MPWR) was upgraded by equities research analysts at William Blair to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Oppenheimer restated an “outperform” rating and issued a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. TD Cowen raised their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $730.00 to $750.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a research note on Friday, August 1st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, August 1st. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $838.09.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $826.47 on Wednesday. The stock has a fifty day moving average price of $744.11 and a two-hundred day moving average price of $662.95. The stock has a market capitalization of $39.58 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 3.16 and a beta of 1.18. Monolithic Power Systems has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.09. The firm had revenue of $664.57 million during the quarter, compared to analysts’ expectations of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. Monolithic Power Systems’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.17 earnings per share. On average, analysts predict that Monolithic Power Systems will post 13.2 EPS for the current year.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 39,999 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $780.00, for a total value of $31,199,220.00. Following the sale, the executive vice president directly owned 121,605 shares of the company’s stock, valued at approximately $94,851,900. This trade represents a 24.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $750.00, for a total value of $2,250,000.00. Following the completion of the sale, the chief financial officer directly owned 43,939 shares in the company, valued at approximately $32,954,250. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,599 shares of company stock valued at $38,455,220. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds and other institutional investors have recently modified their holdings of MPWR. WPG Advisers LLC acquired a new position in shares of Monolithic Power Systems in the 1st quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $29,000. NewSquare Capital LLC raised its holdings in shares of Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares during the period. SouthState Corp purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at about $33,000. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 51 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

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.