Monolithic Power Systems (NASDAQ:MPWR) PT Raised to $570.00 at KeyCorp

Monolithic Power Systems (NASDAQ:MPWRGet Rating) had its price objective hoisted by equities research analysts at KeyCorp from $520.00 to $570.00 in a report issued on Tuesday, The Fly reports. KeyCorp’s target price would suggest a potential upside of 38.73% from the company’s previous close.

Several other brokerages have also weighed in on MPWR. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Friday, February 11th. Zacks Investment Research lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating and set a $500.00 price objective on the stock. in a report on Wednesday, February 16th. Truist Financial dropped their price objective on shares of Monolithic Power Systems from $568.00 to $545.00 in a report on Friday, April 8th. Needham & Company LLC upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $530.00 price objective on the stock in a report on Friday, February 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Monolithic Power Systems from $510.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Buy” and an average target price of $549.11.

MPWR stock opened at $410.87 on Tuesday. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 81.20, a PEG ratio of 2.22 and a beta of 1.01. Monolithic Power Systems has a 12-month low of $301.53 and a 12-month high of $580.00. The company’s fifty day simple moving average is $435.58 and its 200 day simple moving average is $468.47.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last released its earnings results on Monday, May 2nd. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.83. Monolithic Power Systems had a net margin of 20.04% and a return on equity of 20.92%. During the same period last year, the business earned $0.86 EPS. Equities analysts anticipate that Monolithic Power Systems will post 7.06 earnings per share for the current year.

In other news, insider Deming Xiao sold 1,700 shares of the company’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $401.12, for a total value of $681,904.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 11,250 shares of the company’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $467.23, for a total transaction of $5,256,337.50. Following the sale, the chief executive officer now owns 1,048,711 shares of the company’s stock, valued at $489,989,240.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,677 shares of company stock worth $30,518,027. Company insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MPWR. Achmea Investment Management B.V. bought a new position in Monolithic Power Systems in the 3rd quarter worth $27,000. Quent Capital LLC bought a new position in Monolithic Power Systems in the 4th quarter worth $36,000. Assetmark Inc. purchased a new stake in shares of Monolithic Power Systems in the 3rd quarter worth about $39,000. Sageworth Trust Co of South Dakota purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $43,000. Finally, Concord Wealth Partners grew its position in shares of Monolithic Power Systems by 1,583.3% in the 4th quarter. Concord Wealth Partners now owns 101 shares of the semiconductor company’s stock worth $50,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

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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