Monolithic Power Systems (NASDAQ:MPWR) Upgraded to “Strong-Buy” at Zacks Research

Monolithic Power Systems (NASDAQ:MPWR) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Sunday, October 25th. KeyCorp lifted their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday. Finally, Truist Financial increased their price target on Monolithic Power Systems from $1,889.00 to $1,906.00 and gave the company a “buy” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $1,783.77.

Monolithic Power Systems Trading Up 6.8%

Shares of MPWR stock opened at $1,328.30 on Monday. Monolithic Power Systems has a 12 month low of $833.18 and a 12 month high of $1,714.09. The stock has a market cap of $65.27 billion, a PE ratio of 73.35 and a beta of 1.71. The company’s fifty day moving average price is $1,274.12 and its 200-day moving average price is $1,313.34.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $8.19 EPS for the quarter, topping the consensus estimate of $7.79 by $0.40. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.16 billion. Monolithic Power Systems had a return on equity of 25.23% and a net margin of 23.85%. Monolithic Power Systems’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period last year, the company earned $4.73 EPS. On average, sell-side analysts forecast that Monolithic Power Systems will post 24.23 earnings per share for the current fiscal year.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director owned 515 shares of the company’s stock, valued at $660,008.55. This represents a 8.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MPWR. Royal Fund Management LLC boosted its stake in Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 7 shares in the last quarter. Eastern Bank grew its holdings in shares of Monolithic Power Systems by 8.0% during the third quarter. Eastern Bank now owns 108 shares of the semiconductor company’s stock worth $146,000 after purchasing an additional 8 shares during the last quarter. Avidian Wealth Enterprises LLC increased its position in shares of Monolithic Power Systems by 4.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company’s stock worth $250,000 after purchasing an additional 8 shares in the last quarter. Worthington Financial Partners LLC increased its position in shares of Monolithic Power Systems by 0.6% during the third quarter. Worthington Financial Partners LLC now owns 1,622 shares of the semiconductor company’s stock worth $2,185,000 after purchasing an additional 9 shares in the last quarter. Finally, First Bank & Trust increased its position in shares of Monolithic Power Systems by 3.7% during the third quarter. First Bank & Trust now owns 254 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.