Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) had its price objective cut by research analysts at Needham & Company LLC from $575.00 to $500.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 9.51% from the company’s current price.
Several other analysts have also recently issued reports on MPWR. Oppenheimer upped their target price on Monolithic Power Systems from $475.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $510.00 to $575.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Truist Financial boosted their target price on shares of Monolithic Power Systems from $527.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. StockNews.com assumed coverage on shares of Monolithic Power Systems in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $540.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $548.17.
Get Our Latest Research Report on MPWR
Monolithic Power Systems Trading Up 3.4 %
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its earnings results on Monday, July 31st. The semiconductor company reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.11). The business had revenue of $441.13 million during the quarter, compared to analysts’ expectations of $440.46 million. Monolithic Power Systems had a return on equity of 25.57% and a net margin of 24.60%. On average, analysts expect that Monolithic Power Systems will post 9.13 earnings per share for the current year.
Insider Buying and Selling
In other Monolithic Power Systems news, CFO Theodore Blegen sold 724 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $530.28, for a total transaction of $383,922.72. Following the sale, the chief financial officer now directly owns 122,345 shares in the company, valued at $64,877,106.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Monolithic Power Systems news, VP Saria Tseng sold 988 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $526.52, for a total value of $520,201.76. Following the completion of the transaction, the vice president now owns 258,497 shares of the company’s stock, valued at approximately $136,103,840.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 724 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $530.28, for a total value of $383,922.72. Following the sale, the chief financial officer now directly owns 122,345 shares in the company, valued at approximately $64,877,106.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,759 shares of company stock valued at $12,989,445. Corporate insiders own 3.20% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of MPWR. BlackRock Inc. raised its position in Monolithic Power Systems by 5.0% in the 2nd quarter. BlackRock Inc. now owns 5,431,454 shares of the semiconductor company’s stock valued at $2,934,234,000 after purchasing an additional 257,328 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,872,963 shares of the semiconductor company’s stock worth $2,366,701,000 after buying an additional 78,909 shares during the period. State Street Corp raised its holdings in Monolithic Power Systems by 2.3% in the second quarter. State Street Corp now owns 1,853,175 shares of the semiconductor company’s stock valued at $1,002,974,000 after acquiring an additional 41,208 shares in the last quarter. Franklin Resources Inc. lifted its stake in Monolithic Power Systems by 5.6% in the second quarter. Franklin Resources Inc. now owns 1,803,714 shares of the semiconductor company’s stock worth $974,421,000 after acquiring an additional 96,107 shares during the last quarter. Finally, FMR LLC grew its holdings in Monolithic Power Systems by 20.0% during the 1st quarter. FMR LLC now owns 1,757,149 shares of the semiconductor company’s stock worth $879,524,000 after acquiring an additional 293,326 shares in the last quarter. 96.52% 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 computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.
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