Monolithic Power Systems (NASDAQ:MPWR) Now Covered by Citigroup

Investment analysts at Citigroup began coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a report issued on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $700.00 price target on the semiconductor company’s stock. Citigroup’s price objective would suggest a potential upside of 17.58% from the stock’s previous close.

Several other brokerages have also weighed in on MPWR. Needham & Company LLC decreased their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a report on Monday, November 18th. KeyCorp lowered their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Stifel Nicolaus raised their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $828.67.

Monolithic Power Systems Stock Down 2.4 %

Monolithic Power Systems stock opened at $595.32 on Wednesday. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a market cap of $29.04 billion, a price-to-earnings ratio of 67.12, a price-to-earnings-growth ratio of 2.81 and a beta of 1.05. The business has a 50 day moving average price of $749.35 and a two-hundred day moving average price of $810.61.

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

Insiders Place Their Bets

In other Monolithic Power Systems news, 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 completion of the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 734 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the transaction, the chief financial officer now directly owns 55,944 shares in the company, valued at $42,805,551.60. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,600 shares of company stock valued at $15,653,021 in the last 90 days. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Monolithic Power Systems

Several hedge funds have recently added to or reduced their stakes in MPWR. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $25,000. NBC Securities Inc. raised its holdings in shares of Monolithic Power Systems by 433.3% during 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 raised its holdings in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 34 shares during the period. Crewe Advisors LLC lifted its position in Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in Monolithic Power Systems during the 2nd quarter worth about $36,000. 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.