KeyCorp Issues Optimistic Outlook for MPWR Earnings

Monolithic Power Systems, Inc. (NASDAQ:MPWR) – Analysts at KeyCorp upped their Q3 2026 earnings per share estimates for shares of Monolithic Power Systems in a research report issued on Wednesday, October 14th. KeyCorp analyst J. Vinh now forecasts that the semiconductor company will earn $7.10 per share for the quarter, up from their prior forecast of $5.61. KeyCorp has an “Overweight” rating and a $2,100.00 price target on the stock. The consensus estimate for Monolithic Power Systems’ current full-year earnings is $23.95 per share. KeyCorp also issued estimates for Monolithic Power Systems’ Q4 2026 earnings at $7.56 EPS, FY2026 earnings at $24.51 EPS, Q1 2027 earnings at $7.49 EPS, Q2 2027 earnings at $8.14 EPS, Q3 2027 earnings at $9.20 EPS, Q4 2027 earnings at $10.06 EPS and FY2027 earnings at $34.92 EPS.

Several other research analysts also recently issued reports on MPWR. Truist Financial upped their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. TD Cowen decreased their price objective on shares of Monolithic Power Systems from $1,850.00 to $1,700.00 and set a “buy” rating on the stock in a report on Monday. Zacks Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Arete Research began coverage on shares of Monolithic Power Systems in a research note on Thursday, August 20th. They issued a “buy” rating and a $2,013.00 target price for the company. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $1,706.93.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,248.74 on Monday. Monolithic Power Systems has a twelve month low of $833.18 and a twelve month high of $1,714.09. The firm has a market cap of $61.36 billion, a PE ratio of 75.07 and a beta of 1.68. The business has a fifty day moving average of $1,298.32 and a 200-day moving average of $1,396.00.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.21 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MPWR. BlackRock Inc. acquired a new stake in shares of Monolithic Power Systems during the second quarter worth $7,727,289,000. State Street Corp boosted its position in shares of Monolithic Power Systems by 4.3% in the second quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock valued at $3,159,219,000 after acquiring an additional 93,732 shares during the period. Van ECK Associates Corp grew its stake in shares of Monolithic Power Systems by 42.3% in the second quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock valued at $1,031,568,000 after acquiring an additional 221,666 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Monolithic Power Systems in the second quarter valued at about $741,271,000. Finally, Royal Bank of Canada grew its stake in shares of Monolithic Power Systems by 168.1% in the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after acquiring an additional 296,788 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The transaction 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, Director Kuo Wei Chang sold 50 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130 shares of company stock valued at $175,397 over the last three months. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.05%.

Monolithic Power Systems News Summary

Here are the key news stories impacting Monolithic Power Systems this week:

• Positive Sentiment: TD Cowen maintained a Buy rating while lowering its price target to $1,700 from $1,850. The revised target still implies approximately 36% upside from the referenced share price, suggesting the firm expects substantial appreciation. TD Cowen Adjusts Price Target on Monolithic Power Systems
• Positive Sentiment: Recent strength in semiconductor stocks and sustained demand for AI infrastructure have supported MPWR. Enterprise data revenue recently increased 164.3% year over year, driven by power-management products for AI servers and data centers. The company is also expanding manufacturing capacity through a 300mm Singapore facility targeted for volume production in 2027. Monolithic Power Systems Gains as Chip Stocks Rebound and AI Power Demand Thesis Holds
• Positive Sentiment: KeyCorp analysts raised their earnings estimates for MPWR, reinforcing the view that demand and future profitability may remain strong. KeyCorp Analysts Raise Earnings Estimates for MPWR
• Neutral Sentiment: Wells Fargo also reduced its price target, to $1,550 from $1,800. The cut signals more cautious near-term expectations, although the new target remains above the referenced market price. Wells Fargo Adjusts Price Target on Monolithic Power Systems
• Negative Sentiment: Both target reductions may be weighing on the stock, particularly after its recent sector-driven rebound. Investors may also be cautious ahead of the upcoming third-quarter earnings report.
• Negative Sentiment: Insider trading data showed 65 open-market sales and no purchases over the past six months, including significant sales by executives. This may add to concerns about valuation and near-term profit-taking.

About Monolithic Power Systems

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.