Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company increased their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Truist Financial lifted their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.
Check Out Our Latest Stock Analysis on MPWR
Monolithic Power Systems Stock Performance
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period in the previous year, the firm posted $4.21 earnings per share. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. As a group, analysts forecast that Monolithic Power Systems will post 23.35 EPS for the current year.
Insider Transactions at Monolithic Power Systems
In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares of the company’s stock, valued at $6,384,000. This represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. The trade was a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 25,141 shares of company stock worth $40,472,815. Company insiders own 3.60% of the company’s stock.
Institutional Investors Weigh In On Monolithic Power Systems
A number of large investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the period. Empowered Funds LLC increased its position in Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the period. NewEdge Advisors LLC increased its position in Monolithic Power Systems by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after purchasing an additional 314 shares during the period. Treasurer of the State of North Carolina raised its holdings in Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after purchasing an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in Monolithic Power Systems in the 2nd quarter worth $347,000. 93.46% of the stock is currently owned by institutional investors.
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.
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