Monolithic Power Systems (NASDAQ:MPWR) Earns Outperform Rating from Oppenheimer

Monolithic Power Systems (NASDAQ:MPWR)‘s stock had its “outperform” rating reissued by stock analysts at Oppenheimer in a report issued on Friday,Benzinga reports. They presently have a $800.00 price objective on the semiconductor company’s stock. Oppenheimer’s price objective would indicate a potential upside of 35.37% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. KeyCorp boosted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Rosenblatt Securities reduced their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company reduced their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday. Loop Capital boosted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note 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, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $851.58.

Monolithic Power Systems Stock Down 3.0 %

MPWR stock opened at $590.98 on Friday. The business has a 50 day moving average price of $636.30 and a 200 day moving average price of $706.60. The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems has a fifty-two week low of $546.71 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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%. As a group, sell-side analysts anticipate that Monolithic Power Systems will post 13.2 EPS for the current year.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MPWR. Tradewinds Capital Management LLC grew its holdings in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in Monolithic Power Systems during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $29,000. West Oak Capital LLC grew its holdings in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 545 shares during the period. Finally, Itau Unibanco Holding S.A. grew its holdings in Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.