Monolithic Power Systems (NASDAQ:MPWR) Sets New 52-Week High – Time to Buy?

Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1,697.50 and last traded at $1,695.72, with a volume of 120537 shares trading hands. The stock had previously closed at $1,589.81.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MPWR shares. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Needham & Company LLC increased their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Trading Up 0.8%

The business has a fifty day moving average of $1,390.37 and a 200-day moving average of $1,154.17. The firm has a market cap of $80.24 billion, a PE ratio of 117.75, a PEG ratio of 2.97 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.04 EPS. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the sale, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the sale, the executive vice president directly owned 205,959 shares in the company, valued at $340,769,463.45. This trade represents a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 105,478 shares of company stock worth $147,969,440 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Monolithic Power Systems

Several institutional investors and hedge funds have recently modified their holdings of MPWR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $34,000. IFP Advisors Inc raised 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 in the last quarter. Covestor Ltd raised its holdings in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $38,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 38 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 (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.