Monolithic Power Systems, Inc. (NASDAQ:MPWR) – Analysts at Truist Securiti boosted their Q4 2020 EPS estimates for shares of Monolithic Power Systems in a research report issued on Tuesday, September 15th. Truist Securiti analyst W. Stein now forecasts that the semiconductor company will earn $0.85 per share for the quarter, up from their prior estimate of $0.84. Truist Securiti also issued estimates for Monolithic Power Systems’ Q1 2021 earnings at $0.83 EPS.
A number of other research firms have also recently issued reports on MPWR. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 9th. Rosenblatt Securities reissued a “buy” rating and set a $300.00 price objective (up previously from $270.00) on shares of Monolithic Power Systems in a research report on Wednesday, July 29th. Needham & Company LLC boosted their price target on Monolithic Power Systems from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, SunTrust Banks boosted their price target on Monolithic Power Systems from $212.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $265.56.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. The firm had revenue of $186.21 million during the quarter, compared to analysts’ expectations of $169.79 million. Monolithic Power Systems had a return on equity of 15.41% and a net margin of 18.60%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share.
Several institutional investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new position in Monolithic Power Systems during the second quarter valued at about $34,000. Flagship Harbor Advisors LLC increased its stake in Monolithic Power Systems by 152.3% during the second quarter. Flagship Harbor Advisors LLC now owns 164 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 99 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Monolithic Power Systems during the first quarter valued at about $56,000. Canada Pension Plan Investment Board bought a new position in Monolithic Power Systems during the second quarter valued at about $71,000. Finally, Meeder Asset Management Inc. increased its stake in Monolithic Power Systems by 50.5% during the first quarter. Meeder Asset Management Inc. now owns 456 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 153 shares during the period. Institutional investors and hedge funds own 93.95% of the company’s stock.
In other news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $248.03, for a total value of $3,720,450.00. Following the transaction, the director now directly owns 279,308 shares in the company, valued at $69,276,763.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Maurice Sciammas sold 5,425 shares of Monolithic Power Systems stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.16, for a total value of $1,275,743.00. Following the completion of the transaction, the vice president now owns 324,445 shares in the company, valued at $76,296,486.20. The disclosure for this sale can be found here. Insiders sold 115,888 shares of company stock worth $29,690,615 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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