Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.
A number of other analysts also recently commented on the company. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Rosenblatt Securities restated a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research 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. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Finally, Zacks Research raised shares of 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, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,731.42.
Check Out Our Latest Report on Monolithic Power Systems
Monolithic Power Systems Stock Performance
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company’s quarterly revenue was up 47.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.21 EPS. As a group, research analysts predict 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, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction 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 directly owned 515 shares in the company, valued at approximately $660,008.55. This represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 160 shares of company stock valued at $215,945 in the last quarter. Company insiders own 3.60% of the company’s stock.
Institutional Trading of Monolithic Power Systems
Institutional investors have recently added to or reduced their stakes in the stock. Royal Fund Management LLC increased its stake in shares of Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 7 shares during the last quarter. Covestor Ltd boosted its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares during the last quarter. Bell Investment Advisors Inc boosted its position in Monolithic Power Systems by 23.7% during the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 9 shares during the last quarter. CENTRAL TRUST Co grew its stake in Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after purchasing an additional 10 shares in the last quarter. Finally, KCM Investment Advisors LLC grew its stake in Monolithic Power Systems by 2.2% in the first quarter. KCM Investment Advisors LLC now owns 467 shares of the semiconductor company’s stock valued at $511,000 after purchasing an additional 10 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc (NASDAQ:MPWR) designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.
The company’s portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.
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