Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $779.83.

A number of equities research analysts recently commented on MPWR shares. Citigroup increased their price objective on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Raymond James reissued an “outperform” rating and issued a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus lowered their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Oppenheimer reissued an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, TD Cowen raised their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd.

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director now directly owns 676 shares in the company, valued at $471,848. This represents a 12.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 in the last ninety days. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company’s stock valued at $3,433,870,000 after purchasing an additional 96,395 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Monolithic Power Systems by 33.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock worth $1,180,104,000 after buying an additional 506,430 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock worth $807,158,000 after buying an additional 31,295 shares in the last quarter. Invesco Ltd. grew its position in shares of Monolithic Power Systems by 7.5% during the first quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company’s stock worth $724,589,000 after buying an additional 86,853 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Monolithic Power Systems by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company’s stock worth $583,420,000 after buying an additional 5,274 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 0.7%

Shares of MPWR opened at $715.40 on Tuesday. The company has a market capitalization of $34.25 billion, a PE ratio of 19.46, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems has a 52-week low of $438.86 and a 52-week high of $959.64. The company has a 50-day simple moving average of $586.35 and a 200-day simple moving average of $615.28.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to analysts’ expectations of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.81 EPS. On average, research analysts anticipate that Monolithic Power Systems will post 13.2 EPS for the current year.

About Monolithic Power Systems

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.