Monolithic Power Systems (NASDAQ:MPWR) Stock Price Expected to Rise, Truist Financial Analyst Says

Monolithic Power Systems (NASDAQ:MPWR) had its target price upped by equities researchers at Truist Financial from $1,163.00 to $1,375.00 in a research note issued to investors on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Truist Financial’s price objective suggests a potential upside of 46.73% from the company’s current price.

MPWR has been the topic of a number of other research reports. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Citigroup boosted their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

Monolithic Power Systems Trading Up 0.8%

Shares of MPWR stock opened at $937.11 on Friday. Monolithic Power Systems has a twelve month low of $438.86 and a twelve month high of $1,123.38. The stock has a 50 day moving average of $968.42 and a 200 day moving average of $859.24. The stock has a market cap of $44.90 billion, a P/E ratio of 23.93, a P/E/G ratio of 3.17 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.11. The firm had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.06 EPS. On average, research analysts predict that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 27,966 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total value of $24,656,503.56. Following the completion of the transaction, the executive vice president owned 148,306 shares of the company’s stock, valued at approximately $130,755,467.96. This trade represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the completion of the transaction, the chief financial officer owned 37,940 shares of the company’s stock, valued at $34,647,566.80. This trade represents a 7.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 86,516 shares of company stock valued at $80,331,635. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. raised its stake in shares of Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. True Wealth Design LLC increased its holdings in Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 11 shares during the period. Salomon & Ludwin LLC acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at about $33,000. IFP Advisors Inc boosted its stake in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the period. Finally, Armstrong Advisory Group Inc. grew its position in shares of Monolithic Power Systems by 192.9% during the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.