Monolithic Power Systems (NASDAQ:MPWR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Monolithic Power Systems (NASDAQ:MPWR) had its price target boosted by equities research analysts at Wells Fargo & Company from $610.00 to $710.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 2.51% from the stock’s current price.

Several other equities analysts also recently commented on MPWR. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a report on Monday, November 18th. TD Cowen decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer dropped their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Rosenblatt Securities restated a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $857.83.

Monolithic Power Systems Trading Up 4.8 %

NASDAQ:MPWR traded up $31.74 during trading hours on Friday, hitting $692.64. 566,356 shares of the stock traded hands, compared to its average volume of 872,154. The firm has a market cap of $33.79 billion, a price-to-earnings ratio of 78.40, a PEG ratio of 2.44 and a beta of 1.03. The firm has a 50 day moving average price of $613.54 and a 200 day moving average price of $756.52. 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 announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Research analysts predict that Monolithic Power Systems will post 10.46 EPS for the current year.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Outlook Wealth Advisors LLC raised its position in shares of Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 12 shares during the period. Greenleaf Trust increased its position in shares of Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after purchasing an additional 14 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 14 shares during the last quarter. Graypoint LLC boosted its position in Monolithic Power Systems by 3.9% during the third quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock valued at $373,000 after buying an additional 15 shares during the period. Finally, TrinityPoint Wealth LLC grew its position in Monolithic Power Systems by 3.2% during the 3rd quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company’s stock worth $449,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other 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.