Monolithic Power Systems (NASDAQ:MPWR) Price Target Raised to $1,375.00 at Truist Financial

Monolithic Power Systems (NASDAQ:MPWR) had its price target upped by analysts at Truist Financial from $1,163.00 to $1,375.00 in a note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Truist Financial’s target price indicates a potential upside of 47.93% from the company’s current price.

MPWR has been the subject of a number of other reports. TD Cowen increased their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Stifel Nicolaus increased their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, Citigroup raised their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,074.58.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $929.48 on Friday. The firm has a market cap of $44.53 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 3.08 and a beta of 1.47. The firm has a fifty day moving average price of $967.76 and a 200 day moving average price of $856.17. Monolithic Power Systems has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping the consensus estimate of $4.62 by $0.11. The business had revenue of $737.18 million for the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.06 EPS. As a group, research analysts predict that Monolithic Power Systems will post 13.2 earnings per share for the current year.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total value of $89,697.00. Following the completion of the sale, the director directly owned 426 shares in the company, valued at $382,109.22. The trade was a 19.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the sale, the executive vice president directly owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. This trade represents a 9.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 86,516 shares of company stock valued at $80,331,635. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Large investors have recently modified their holdings of the business. SJS Investment Consulting Inc. increased its holdings in Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares during the period. True Wealth Design LLC boosted its position in Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 11 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Monolithic Power Systems during the 3rd quarter valued at $33,000. IFP Advisors Inc increased its holdings in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. Finally, Armstrong Advisory Group Inc. raised its position in shares of Monolithic Power Systems by 192.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 27 shares in the last quarter. 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.