Monolithic Power Systems (NASDAQ:MPWR) Given New $1,100.00 Price Target at Stifel Nicolaus

Monolithic Power Systems (NASDAQ:MPWR) had its target price hoisted by stock analysts at Stifel Nicolaus from $1,000.00 to $1,100.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 16.48% from the stock’s previous close.

A number of other brokerages also recently commented on MPWR. Needham & Company LLC upped their target price on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. KeyCorp upped their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Raymond James increased their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Finally, Rosenblatt Securities increased their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $952.30.

Monolithic Power Systems Trading Up 3.2 %

NASDAQ:MPWR opened at $944.39 on Friday. Monolithic Power Systems has a 12-month low of $392.10 and a 12-month high of $959.64. The firm has a market cap of $46.04 billion, a price-to-earnings ratio of 112.56, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. The company’s 50-day moving average is $866.89 and its two-hundred day moving average is $781.22.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 earnings per share. On average, equities research analysts forecast that Monolithic Power Systems will post 10.41 earnings per share for the current fiscal year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the transaction, the executive vice president now owns 203,213 shares in the company, valued at $168,987,866.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Michael Hsing sold 2,672 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the completion of the sale, the chief executive officer now directly owns 877,736 shares of the company’s stock, valued at approximately $706,200,053.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the completion of the transaction, the executive vice president now owns 203,213 shares in the company, valued at approximately $168,987,866.54. The disclosure for this sale can be found here. In the last three months, insiders sold 97,299 shares of company stock worth $82,320,473. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after buying an additional 9,125 shares during the last quarter. Cim LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $2,197,000. Cetera Investment Advisers raised its stake in shares of 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 purchasing an additional 4,760 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Monolithic Power Systems by 4.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after purchasing an additional 5,335 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Monolithic Power Systems by 199.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock worth $2,772,000 after purchasing an additional 2,925 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.