Needham & Company LLC Lowers Monolithic Power Systems (NASDAQ:MPWR) Price Target to $950.00

Monolithic Power Systems (NASDAQ:MPWR) had its target price decreased by Needham & Company LLC from $1,000.00 to $950.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 25.10% from the stock’s current price.

A number of other research analysts also recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft upped their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research report on Tuesday. Truist Financial restated a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, TD Cowen decreased their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $942.40.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $759.37 on Thursday. Monolithic Power Systems has a 52-week low of $459.69 and a 52-week high of $959.64. The business’s 50 day moving average price is $897.06 and its two-hundred day moving average price is $822.41. The firm has a market cap of $37.02 billion, a PE ratio of 85.61, a price-to-earnings-growth ratio of 4.25 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 21.00% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Research analysts predict that Monolithic Power Systems will post 10.41 EPS for the current fiscal year.

Insider Activity

In related news, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares in the company, valued at approximately $28,228,300. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,636 shares of company stock valued at $36,459,953 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Monolithic Power Systems in the 2nd quarter valued at about $25,000. RiverPark Advisors LLC bought a new stake in shares of Monolithic Power Systems in the first quarter valued at approximately $27,000. NBC Securities Inc. lifted its stake in shares of Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares in the last quarter. Finally, Atwood & Palmer Inc. bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

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.