Loop Capital Begins Coverage on Monolithic Power Systems (NASDAQ:MPWR)

Equities researchers at Loop Capital began coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research report issued on Monday, MarketBeat reports. The firm set a “hold” rating and a $660.00 price target on the semiconductor company’s stock. Loop Capital’s price objective indicates a potential upside of 2.47% from the company’s previous close.

MPWR has been the subject of a number of other research reports. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. TD Cowen dropped their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted 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, August 2nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $916.73.

Monolithic Power Systems Trading Down 0.5 %

Shares of Monolithic Power Systems stock opened at $644.10 on Monday. The stock’s fifty day moving average price is $871.40 and its 200-day moving average price is $830.09. The firm has a market cap of $31.42 billion, a P/E ratio of 72.62, a P/E/G ratio of 3.62 and a beta of 1.15. Monolithic Power Systems has a 12 month low of $500.54 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $600.10 million. Analysts forecast that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 completion of the transaction, the chief financial officer now owns 59,178 shares of the company’s stock, valued at $53,754,928.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares in the company, valued at approximately $28,228,300. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,759 shares of company stock worth $34,985,340. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently bought and sold shares of the stock. Family Firm Inc. purchased a new stake in Monolithic Power Systems during the second quarter worth $25,000. NBC Securities Inc. raised its position in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 26 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 34 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at about $36,000. Finally, Atwood & Palmer Inc. purchased a new position in shares of Monolithic Power Systems in the 2nd quarter valued at about $33,000. Hedge funds and other 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.