Oppenheimer Reaffirms “Outperform” Rating for Monolithic Power Systems (NASDAQ:MPWR)

Monolithic Power Systems (NASDAQ:MPWR)‘s stock had its “outperform” rating reissued by Oppenheimer in a report issued on Monday,Benzinga reports. They currently have a $900.00 price objective on the semiconductor company’s stock. Oppenheimer’s price objective indicates a potential upside of 39.73% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Loop Capital initiated coverage on shares of Monolithic Power Systems in a report on Monday. They issued a “hold” rating and a $660.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $950.00 price objective on shares of Monolithic Power Systems in a research report on Tuesday. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price target on 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. Finally, Raymond James upped their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $916.73.

Monolithic Power Systems Trading Down 0.5 %

NASDAQ MPWR opened at $644.10 on Monday. The company has a market cap of $31.42 billion, a price-to-earnings ratio of 72.62, a PEG ratio of 3.62 and a beta of 1.15. The company has a 50 day moving average of $871.40 and a 200-day moving average of $830.09. Monolithic Power Systems has a 1-year low of $500.54 and a 1-year high of $959.64.

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

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the transaction, the executive vice president now owns 20,455 shares in the company, valued at $19,432,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,759 shares of company stock worth $34,985,340 over the last three months. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. boosted its stake in Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after acquiring an additional 1,082 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Monolithic Power Systems by 19.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after buying an additional 9,125 shares during the period. Cetera Investment Advisers increased its position in Monolithic Power Systems by 237.3% in the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after buying an additional 4,760 shares in the last quarter. Czech National Bank raised its stake in Monolithic Power Systems by 9.8% during the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after buying an additional 824 shares during the period. Finally, Acadian Asset Management LLC raised its stake in Monolithic Power Systems by 224.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after buying an additional 1,057 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

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.