Monolithic Power Systems (NASDAQ:MPWR) Given “Outperform” Rating at Oppenheimer

Monolithic Power Systems (NASDAQ:MPWR)‘s stock had its “outperform” rating reaffirmed by stock analysts at Oppenheimer in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $800.00 price objective on the semiconductor company’s stock. Oppenheimer’s price target indicates a potential upside of 37.73% from the stock’s previous close.

MPWR has been the topic of several other reports. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday. Loop Capital increased their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup assumed coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Finally, Rosenblatt Securities lowered their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $851.58.

Monolithic Power Systems Stock Down 4.6 %

Shares of NASDAQ:MPWR traded down $28.17 during trading on Friday, hitting $580.85. 220,632 shares of the company were exchanged, compared to its average volume of 876,920. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64. The company has a market capitalization of $27.80 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The business’s 50 day moving average is $636.31 and its 200-day moving average is $709.91.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that Monolithic Power Systems will post 13.2 earnings per share for the current year.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Large investors have recently modified their holdings of the company. Tradewinds Capital Management LLC increased its stake in Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. raised its holdings in shares of Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 51 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $39,000. 93.46% of the stock is currently owned by institutional investors.

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.