Monolithic Power Systems (NASDAQ:MPWR) Stock Price Up 897.9% – Here’s Why

Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares shot up 897.9% during mid-day trading on Friday . The stock traded as high as $1,592.21 and last traded at $1,586.2710. 26,872 shares traded hands during trading, a decline of 96% from the average session volume of 625,853 shares. The stock had previously closed at $158.96.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent research reports. Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. KeyCorp upped their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen upped their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Needham & Company LLC upped their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold 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 $1,599.17.

Monolithic Power Systems Price Performance

The stock has a market capitalization of $77.83 billion, a PE ratio of 113.82, a PEG ratio of 2.63 and a beta of 1.69. The business has a 50 day moving average price of $1,501.11 and a 200 day moving average price of $1,205.47.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.04 earnings per share. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 30,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. This represents a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president directly owned 166,644 shares in the company, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 113,073 shares of company stock valued at $160,875,958 in the last 90 days. Insiders own 3.40% of the company’s stock.

Institutional Trading of Monolithic Power Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its position in Monolithic Power Systems by 12.9% in the first quarter. Parallel Advisors LLC now owns 577 shares of the semiconductor company’s stock worth $631,000 after buying an additional 66 shares in the last quarter. Optiver Holding B.V. purchased a new stake in Monolithic Power Systems in the first quarter worth about $97,000. Groupama Asset Managment increased its position in Monolithic Power Systems by 5.1% in the first quarter. Groupama Asset Managment now owns 1,742 shares of the semiconductor company’s stock worth $1,905,000 after buying an additional 84 shares in the last quarter. Wellington Grp LLC purchased a new stake in Monolithic Power Systems in the first quarter worth about $526,000. Finally, GKV Capital Management Co. Inc. increased its position in Monolithic Power Systems by 1.0% in the first quarter. GKV Capital Management Co. Inc. now owns 2,940 shares of the semiconductor company’s stock worth $3,214,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.