Monolithic Power Systems (NASDAQ:MPWR) Price Target Increased to $1,000.00 by Analysts at Needham & Company LLC

Monolithic Power Systems (NASDAQ:MPWR) had its price target raised by stock analysts at Needham & Company LLC from $800.00 to $1,000.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 30.10% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Oppenheimer increased their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Raymond James increased their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial upped their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research note on Friday. Finally, KeyCorp upped their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $882.30.

Monolithic Power Systems Stock Performance

Shares of MPWR traded down $27.10 during trading hours on Monday, reaching $768.66. 492,395 shares of the company traded hands, compared to its average volume of 534,035. The stock’s fifty day moving average is $810.38 and its 200 day moving average is $729.24. The stock has a market cap of $37.42 billion, a P/E ratio of 91.05, a price-to-earnings-growth ratio of 3.92 and a beta of 1.11. Monolithic Power Systems has a 1-year low of $392.10 and a 1-year high of $891.67.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. During the same quarter in the prior year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts predict that Monolithic Power Systems will post 10.37 EPS for the current year.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $852.51, for a total value of $2,131,275.00. Following the completion of the sale, the chief financial officer now owns 64,906 shares in the company, valued at $55,333,014.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $852.51, for a total value of $2,131,275.00. Following the completion of the sale, the chief financial officer now owns 64,906 shares in the company, valued at $55,333,014.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Saria Tseng sold 37,093 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the sale, the executive vice president now owns 166,428 shares of the company’s stock, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. Insiders sold a total of 88,709 shares of company stock worth $71,147,068 over the last 90 days. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. Vanguard Group Inc. increased its holdings in shares of Monolithic Power Systems by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after acquiring an additional 55,874 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Monolithic Power Systems by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after acquiring an additional 43,191 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Monolithic Power Systems by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock worth $666,219,000 after acquiring an additional 3,105 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Monolithic Power Systems by 4.4% in the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock worth $648,736,000 after acquiring an additional 43,225 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after acquiring an additional 85,676 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.