TD Cowen Has Lowered Expectations for Monolithic Power Systems (NASDAQ:MPWR) Stock Price

Monolithic Power Systems (NASDAQ:MPWR) had its price target decreased by equities researchers at TD Cowen from $1,100.00 to $975.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s target price indicates a potential upside of 28.40% from the stock’s previous close.

MPWR has been the topic of a number of other research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $880.00 target price on shares of Monolithic Power Systems in a report on Tuesday. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Truist Financial restated a “buy” rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $942.40.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $759.37 on Thursday. Monolithic Power Systems has a 1 year low of $459.69 and a 1 year high of $959.64. The company has a market cap of $37.02 billion, a P/E ratio of 85.61, a P/E/G ratio of 4.25 and a beta of 1.11. The stock’s fifty day moving average price is $900.59 and its two-hundred day moving average price is $821.62.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 21.00%. The company had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. On average, analysts expect that Monolithic Power Systems will post 10.41 earnings per share for the current fiscal year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the sale, the executive vice president now owns 202,354 shares in the company, valued at approximately $157,510,330.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Deming Xiao sold 859 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the completion of the sale, the executive vice president now directly owns 202,354 shares in the company, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Hsing sold 2,790 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the sale, the chief executive officer now owns 865,332 shares of the company’s stock, valued at approximately $673,565,775.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,636 shares of company stock worth $36,459,953 in the last ninety days. 3.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MPWR. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after purchasing an additional 9,125 shares in the last quarter. Cetera Investment Advisers lifted its position in Monolithic Power Systems by 237.3% during the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after acquiring an additional 4,760 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Monolithic Power Systems by 4.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock valued at $77,970,000 after purchasing an additional 5,335 shares during the last quarter. Czech National Bank increased its holdings in shares of Monolithic Power Systems by 9.8% in the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after purchasing an additional 824 shares in the last quarter. Finally, Acadian Asset Management LLC raised 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 worth $1,034,000 after purchasing an additional 1,057 shares during the last quarter. Hedge funds and other institutional investors 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.