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Other analysts also recently issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Loop Capital set a $180.00 price objective on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, ValuEngine downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $153.20.
Shares of Monolithic Power Systems stock opened at $157.98 on Friday. The company has a market capitalization of $6.88 billion, a P/E ratio of 66.10, a P/E/G ratio of 2.78 and a beta of 1.60. Monolithic Power Systems has a 52-week low of $106.50 and a 52-week high of $166.24. The company has a 50 day moving average of $152.36 and a 200 day moving average of $143.92.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. The business had revenue of $168.80 million during the quarter, compared to the consensus estimate of $165.00 million. Monolithic Power Systems had a net margin of 16.93% and a return on equity of 15.23%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. As a group, analysts predict that Monolithic Power Systems will post 2.28 EPS for the current year.
In other news, VP Saria Tseng sold 2,374 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The shares were sold at an average price of $163.36, for a total value of $387,816.64. Following the transaction, the vice president now directly owns 321,394 shares of the company’s stock, valued at approximately $52,502,923.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 221 shares of Monolithic Power Systems stock in a transaction on Friday, November 1st. The shares were sold at an average price of $151.10, for a total transaction of $33,393.10. Following the completion of the transaction, the chief financial officer now directly owns 102,646 shares in the company, valued at $15,509,810.60. The disclosure for this sale can be found here. Insiders have sold a total of 197,887 shares of company stock valued at $30,977,182 in the last 90 days. Insiders own 3.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in MPWR. Pearl River Capital LLC acquired a new position in Monolithic Power Systems in the 2nd quarter valued at $25,000. Squar Milner Financial Services LLC increased its stake in Monolithic Power Systems by 351.2% in the 3rd quarter. Squar Milner Financial Services LLC now owns 185 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 144 shares during the period. Bessemer Group Inc. acquired a new position in Monolithic Power Systems in the 2nd quarter valued at $33,000. Point72 Asset Management L.P. acquired a new position in Monolithic Power Systems in the 2nd quarter valued at $41,000. Finally, Advisory Services Network LLC increased its stake in Monolithic Power Systems by 36.4% in the 2nd quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 115 shares during the period. 94.36% of the stock is currently owned by institutional investors and hedge funds.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers 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, monitors, automobiles, and medical equipment.
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