Monolithic Power Systems (NASDAQ:MPWR) Stock Price Up 897.9% – Here’s Why

Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares rose 897.9% on Friday . The stock traded as high as $1,592.21 and last traded at $1,586.2710. Approximately 26,872 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 625,853 shares. The stock had previously closed at $158.96.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent research reports. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Needham & Company LLC lifted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Stock Performance

The stock has a market cap of $77.83 billion, a P/E ratio of 113.82, a P/E/G ratio of 2.63 and a beta of 1.69. The stock has a 50-day moving average price of $1,501.11 and a 200-day moving average price of $1,205.47.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.Monolithic Power Systems’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.04 EPS. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the sale, the director owned 3,800 shares in the company, valued at $6,384,000. The trade was a 11.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. The trade was a 12.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 113,073 shares of company stock worth $160,875,958 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in shares of Monolithic Power Systems by 12.9% during the first quarter. Parallel Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $631,000 after buying an additional 66 shares during the period. Optiver Holding B.V. purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $97,000. Groupama Asset Managment increased its stake in shares of Monolithic Power Systems by 5.1% during the first quarter. Groupama Asset Managment now owns 1,742 shares of the semiconductor company’s stock valued at $1,905,000 after buying an additional 84 shares during the period. Wellington Grp LLC purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $526,000. Finally, GKV Capital Management Co. Inc. increased its stake in shares of Monolithic Power Systems by 1.0% during the first quarter. GKV Capital Management Co. Inc. now owns 2,940 shares of the semiconductor company’s stock valued at $3,214,000 after buying an additional 30 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.