Rosenblatt Securities Lowers Monolithic Power Systems (NASDAQ:MPWR) Price Target to $750.00

Monolithic Power Systems (NASDAQ:MPWR) had its price objective lowered by Rosenblatt Securities from $800.00 to $750.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 26.91% from the company’s current price.

A number of other analysts also recently issued reports on the company. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. KeyCorp boosted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer cut their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Loop Capital boosted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $851.58.

Monolithic Power Systems Trading Down 3.0 %

Shares of MPWR opened at $590.98 on Friday. Monolithic Power Systems has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a 50 day simple moving average of $636.30 and a 200-day simple moving average of $706.60. The stock has a market cap of $28.29 billion, a PE ratio of 16.07, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, sell-side analysts forecast that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Institutional Trading of Monolithic Power Systems

Institutional investors have recently bought and sold shares of the company. Avantax Advisory Services Inc. boosted its position in shares of Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after purchasing an additional 14 shares in the last quarter. WP Advisors LLC boosted its position in shares of Monolithic Power Systems by 3.2% during the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 16 shares in the last quarter. Allworth Financial LP boosted its position in shares of Monolithic Power Systems by 11.5% during the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 16 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Monolithic Power Systems by 5.1% during the 3rd quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 19 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Monolithic Power Systems by 12.2% during the 3rd quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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 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.