Monolithic Power Systems (NASDAQ:MPWR) Price Target Cut to $500.00

Monolithic Power Systems (NASDAQ:MPWRGet Rating) had its price objective dropped by research analysts at Deutsche Bank Aktiengesellschaft from $510.00 to $500.00 in a research note issued to investors on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 14.30% from the stock’s previous close.

MPWR has been the topic of a number of other research reports. Needham & Company LLC upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $530.00 target price on the stock in a research report on Friday, February 11th. KeyCorp upgraded Monolithic Power Systems from a “sector weight” rating to an “overweight” rating and set a $520.00 target price on the stock in a research report on Tuesday, January 11th. Zacks Investment Research downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating and set a $500.00 target price on the stock. in a research report on Wednesday, February 16th. StockNews.com initiated coverage on Monolithic Power Systems in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Friday, February 11th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $543.56.

NASDAQ MPWR opened at $437.45 on Wednesday. The stock’s fifty day moving average is $443.26 and its two-hundred day moving average is $472.31. The firm has a market capitalization of $20.35 billion, a P/E ratio of 86.45, a price-to-earnings-growth ratio of 2.32 and a beta of 0.91. Monolithic Power Systems has a fifty-two week low of $301.53 and a fifty-two week high of $580.00.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last posted its earnings results on Thursday, February 10th. The semiconductor company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.16. Monolithic Power Systems had a return on equity of 20.92% and a net margin of 20.04%. The company had revenue of $336.50 million for the quarter, compared to the consensus estimate of $321.77 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 44.4% on a year-over-year basis. On average, equities research analysts predict that Monolithic Power Systems will post 7.06 earnings per share for the current fiscal year.

In other Monolithic Power Systems news, CEO Michael Hsing sold 29,638 shares of the business’s stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $399.28, for a total transaction of $11,833,860.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Saria Tseng sold 4,420 shares of the stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $467.23, for a total transaction of $2,065,156.60. Following the completion of the sale, the vice president now directly owns 295,047 shares in the company, valued at $137,854,809.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,574 shares of company stock valued at $31,304,258. Corporate insiders own 2.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Achmea Investment Management B.V. purchased a new stake in shares of Monolithic Power Systems during the 3rd quarter worth $27,000. Quent Capital LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth $36,000. Assetmark Inc. purchased a new stake in shares of Monolithic Power Systems during the 3rd quarter worth $39,000. Sageworth Trust Co of South Dakota purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth $43,000. Finally, Concord Wealth Partners lifted its position in shares of Monolithic Power Systems by 1,583.3% during the 4th quarter. Concord Wealth Partners now owns 101 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 95 shares during the last quarter. 96.30% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Company Profile (Get Rating)

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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