Monolithic Power Systems (NASDAQ:MPWR) Given New $750.00 Price Target at Rosenblatt Securities

Monolithic Power Systems (NASDAQ:MPWR) had its target price dropped by analysts at Rosenblatt Securities from $800.00 to $750.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 26.91% from the company’s current price.

Other research analysts also recently issued reports about the stock. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Oppenheimer decreased their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $851.58.

Monolithic Power Systems Stock Down 3.0 %

Shares of MPWR stock opened at $590.98 on Friday. The company has a 50 day moving average of $636.30 and a 200-day moving average of $706.60. Monolithic Power Systems has a 12-month low of $546.71 and a 12-month high of $959.64. The firm has a market cap of $28.29 billion, a P/E ratio of 16.07, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, equities analysts expect that Monolithic Power Systems will post 13.2 EPS for the current year.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds and other institutional investors have recently modified their holdings of MPWR. Tradewinds Capital Management LLC increased its position in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $29,000. West Oak Capital LLC boosted its stake in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 545 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its holdings in Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 51 shares during the period. 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.