Monolithic Power Systems (NASDAQ:MPWR) Price Target Lowered to $750.00 at Rosenblatt Securities

Monolithic Power Systems (NASDAQ:MPWR) had its price target decreased by equities research analysts at Rosenblatt Securities from $800.00 to $750.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Rosenblatt Securities’ target price points to a potential upside of 23.15% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC raised 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 note on Friday, February 7th. Oppenheimer cut their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Citigroup initiated coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price for the company. KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $855.33.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $609.02 on Friday. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64. The stock has a market cap of $29.15 billion, a P/E ratio of 16.56, a P/E/G ratio of 2.60 and a beta of 1.03. The firm has a fifty day moving average price of $636.31 and a 200 day moving average price of $709.91.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results 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%. Sell-side analysts expect that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 completion of the sale, the executive vice president now directly 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 SEC, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently modified their holdings of MPWR. Caprock Group LLC boosted its position in shares of Monolithic Power Systems by 64.3% in the third quarter. Caprock Group LLC now owns 570 shares of the semiconductor company’s stock worth $528,000 after acquiring an additional 223 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Monolithic Power Systems in the third quarter worth approximately $1,570,000. PNC Financial Services Group Inc. boosted its position in shares of Monolithic Power Systems by 13.0% in the third quarter. PNC Financial Services Group Inc. now owns 10,139 shares of the semiconductor company’s stock worth $9,374,000 after acquiring an additional 1,167 shares during the last quarter. Commerce Bank boosted its position in shares of Monolithic Power Systems by 101.5% in the third quarter. Commerce Bank now owns 5,887 shares of the semiconductor company’s stock worth $5,443,000 after acquiring an additional 2,965 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Monolithic Power Systems by 9.1% in the third quarter. LPL Financial LLC now owns 98,510 shares of the semiconductor company’s stock worth $91,073,000 after acquiring an additional 8,238 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other 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.