Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.
MPWR has been the topic of a number of other reports. Oppenheimer dropped their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,500.00 and set an “outperform” rating on the stock in a research note on Friday, October 23rd. Arete Research began coverage on shares of Monolithic Power Systems in a research note on Thursday, August 20th. They set a “buy” rating and a $2,013.00 target price for the company. Truist Financial raised their price target on Monolithic Power Systems from $1,889.00 to $1,906.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Needham & Company LLC reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday. Finally, TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,783.77.
Check Out Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Trading Up 6.8%
Shares of MPWR opened at $1,328.30 on Monday. The firm has a market cap of $65.27 billion, a PE ratio of 73.35 and a beta of 1.71. The company’s 50 day simple moving average is $1,274.12 and its 200-day simple moving average is $1,313.34. Monolithic Power Systems has a 12-month low of $833.18 and a 12-month high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $8.19 EPS for the quarter, beating the consensus estimate of $7.79 by $0.40. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.16 billion. Monolithic Power Systems had a net margin of 23.85% and a return on equity of 25.23%. Monolithic Power Systems’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.73 EPS. As a group, equities research analysts forecast that Monolithic Power Systems will post 24.23 EPS for the current fiscal year.
Insider Activity at Monolithic Power Systems
In other news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems 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 sale, the director owned 515 shares of the company’s stock, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.
Institutional Investors Weigh In On Monolithic Power Systems
Hedge funds have recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC lifted its holdings in shares of Monolithic Power Systems by 19.1% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 193 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 31 shares during the period. Paragon Advisors LLC grew its holdings in Monolithic Power Systems by 6.4% during the third quarter. Paragon Advisors LLC now owns 3,581 shares of the semiconductor company’s stock worth $4,824,000 after acquiring an additional 214 shares during the period. M Holdings Securities Inc. purchased a new position in Monolithic Power Systems in the third quarter worth $238,000. Brighton Jones LLC raised its position in Monolithic Power Systems by 1.9% in the third quarter. Brighton Jones LLC now owns 697 shares of the semiconductor company’s stock worth $939,000 after acquiring an additional 13 shares in the last quarter. Finally, Candriam S.C.A. raised its position in Monolithic Power Systems by 0.6% in the third quarter. Candriam S.C.A. now owns 55,245 shares of the semiconductor company’s stock worth $74,699,000 after acquiring an additional 340 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
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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