Loop Capital Raises Monolithic Power Systems (NASDAQ:MPWR) Price Target to $760.00

Monolithic Power Systems (NASDAQ:MPWR) had its price objective upped by research analysts at Loop Capital from $660.00 to $760.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Loop Capital’s price target indicates a potential upside of 5.52% from the stock’s previous close.

A number of other research analysts also recently commented on MPWR. TD Cowen dropped their target price on shares of 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. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Oppenheimer decreased their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company lifted their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Trading Up 9.0 %

NASDAQ:MPWR traded up $59.35 during trading hours on Friday, hitting $720.25. The company’s stock had a trading volume of 2,551,733 shares, compared to its average volume of 952,117. Monolithic Power Systems has a 52-week low of $546.71 and a 52-week high of $959.64. The stock has a market capitalization of $35.13 billion, a P/E ratio of 81.20, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The stock has a fifty day moving average of $615.56 and a 200-day moving average of $755.86.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, sell-side analysts forecast that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its position in Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Monolithic Power Systems by 73.3% during the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after purchasing an additional 328,203 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $140,795,000. Geode Capital Management LLC grew its position in shares of Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after purchasing an additional 133,838 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Monolithic Power Systems by 92,842.9% in the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after purchasing an additional 123,481 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.