Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) had its price target lifted by Truist Financial from $1,889.00 to $1,906.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Truist Financial‘s target price would suggest a potential upside of 60.25% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. KeyCorp raised their price objective on shares of 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. Arete Research assumed coverage on Monolithic Power Systems in a research report on Thursday, August 20th. They set a “buy” rating and a $2,013.00 price objective on the stock. Finally, TD Cowen reduced their target price on Monolithic Power Systems from $1,850.00 to $1,700.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,702.79.
Get Our Latest Research Report on Monolithic Power Systems
Monolithic Power Systems Price Performance
MPWR stock traded down $9.43 during mid-day trading on Friday, hitting $1,189.38. 754,308 shares of the stock were exchanged, compared to its average volume of 732,891. The business has a fifty day moving average price of $1,276.68 and a 200 day moving average price of $1,309.09. 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 capitalization of $58.45 billion, a price-to-earnings ratio of 73.04 and a beta of 1.68.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share for the quarter, topping the consensus estimate of $7.79 by $0.40. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted $4.73 earnings per share. The firm’s revenue for the quarter was up 63.1% on a year-over-year basis. As a group, equities analysts forecast that Monolithic Power Systems will post 23.95 EPS for the current fiscal year.
Insider Activity
In other news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction on 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 sale, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130 shares of company stock valued at $175,397 in the last three months. 3.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Monolithic Power Systems
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Monolithic Power Systems during the second quarter valued at approximately $7,727,289,000. Bank of America Corp DE purchased a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $741,271,000. Legal & General Group Plc bought a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $497,561,000. Royal Bank of Canada increased its stake in Monolithic Power Systems by 168.1% in the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after acquiring an additional 296,788 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $402,414,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Key Monolithic Power Systems News
Here are the key news stories impacting Monolithic Power Systems this week:
- Positive Sentiment: Rosenblatt upgraded MPWR to “buy” from “neutral” and raised its price target to $1,700 from $1,575, implying substantial upside from the referenced share price. Rosenblatt Securities analyst upgrade
- Positive Sentiment: Third-quarter earnings and revenue exceeded expectations. MPWR reported adjusted EPS of $8.19 versus the $7.79 consensus estimate and revenue of approximately $1.20 billion versus $1.16 billion expected. Revenue increased 63.1% year over year, while EPS rose from $4.73 in the prior-year quarter. MPWR Q3 earnings beat
- Positive Sentiment: The company also provided fourth-quarter earnings guidance, giving investors an updated view of demand and near-term operating expectations. MPWR fourth-quarter guidance
- Neutral Sentiment: MPWR appointed Tony Balow as chief financial officer and Robert Dean as chief accounting officer, effective immediately. The leadership changes could improve financial oversight, but they also introduce a management-transition consideration for investors. MPWR CFO and CAO appointments
- Negative Sentiment: Rosen Law Firm announced an investigation into potential breaches of fiduciary duties by MPWR directors and officers. The announcement does not establish wrongdoing, but it adds legal and reputational uncertainty that may weigh on investor sentiment. Rosen Law Firm investigation
- Negative Sentiment: ETFs were reported as net sellers of MPWR, indicating some passive or systematic fund-flow pressure even as the company’s fundamental results improved. ETF selling of MPWR
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.
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