Monolithic Power Systems, Inc. (NASDAQ:MPWR)‘s stock had its “buy” rating reissued by equities research analysts at KeyCorp in a research report issued on Friday. They presently have a $115.00 price target on the semiconductor company’s stock. KeyCorp’s target price indicates a potential upside of 13.50% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Pacific Crest restated an “overweight” rating and set a $110.00 price objective on shares of Monolithic Power Systems in a research report on Wednesday, June 21st. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Needham & Company LLC restated a “buy” rating and set a $140.00 price objective (up from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. set a $120.00 price objective on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $112.63.

Monolithic Power Systems (MPWR) opened at 101.32 on Friday. The company’s 50-day moving average is $101.22 and its 200 day moving average is $95.56. Monolithic Power Systems has a 1-year low of $71.60 and a 1-year high of $107.87. The stock has a market capitalization of $4.19 billion, a PE ratio of 71.45 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Equities analysts predict that Monolithic Power Systems will post $2.87 earnings per share for the current year.

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In related news, CFO Theodore Blegen sold 4,604 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $99.00, for a total value of $455,796.00. Following the completion of the sale, the chief financial officer now owns 42,530 shares of the company’s stock, valued at $4,210,470. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Saria Tseng sold 4,996 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $96.50, for a total transaction of $482,114.00. Following the completion of the sale, the vice president now directly owns 282,327 shares of the company’s stock, valued at approximately $27,244,555.50. The disclosure for this sale can be found here. Insiders have sold 115,271 shares of company stock valued at $11,566,906 in the last ninety days. Insiders own 4.00% of the company’s stock.

Several large investors have recently made changes to their positions in MPWR. Quantbot Technologies LP purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $121,000. TrimTabs Asset Management LLC purchased a new stake in shares of Monolithic Power Systems during the first quarter worth about $128,000. D.A. Davidson & CO. raised its stake in shares of Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after buying an additional 172 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Monolithic Power Systems by 115.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after buying an additional 832 shares in the last quarter. Finally, Segantii Capital Management Ltd purchased a new stake in shares of Monolithic Power Systems during the first quarter worth about $157,000. 93.37% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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