Wells Fargo & Company Begins Coverage on Monolithic Power Systems (NASDAQ:MPWR)

Equities research analysts at Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research note issued to investors on Friday,Briefing.com Automated Import reports. The firm set an “equal weight” rating and a $610.00 price target on the semiconductor company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 7.77% from the company’s current price.

MPWR has been the topic of several other research reports. Needham & Company LLC restated a “buy” rating and issued a $950.00 target price on shares of Monolithic Power Systems in a research note on Tuesday, November 12th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. TD Cowen reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Raymond James boosted their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, KeyCorp reduced their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $872.18.

Monolithic Power Systems Price Performance

MPWR opened at $566.04 on Friday. Monolithic Power Systems has a fifty-two week low of $538.00 and a fifty-two week high of $959.64. The firm’s fifty day moving average price is $839.56 and its two-hundred day moving average price is $824.73. The company has a market capitalization of $27.61 billion, a P/E ratio of 63.82, a P/E/G ratio of 2.79 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. On average, equities research analysts expect that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at $53,754,928.08. This represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,359 shares of company stock valued at $26,709,571 over the last ninety days. 3.70% of the stock is owned by insiders.

Institutional Trading of Monolithic Power Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at about $25,000. NBC Securities Inc. increased its stake in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 26 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC increased its stake in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

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.