Monolithic Power Systems (NASDAQ: MPWR) had its price target increased by equity research analysts at Deutsche Bank Aktiengesellschaft from $400 to $435 on Wednesday. Before this, the price target was set at $400. Therefore, you can deduce that there will be a gain of 8.34% if you look at the stock’s current price and compare it to the target price set for Deutsche Bank Aktiengesellschaft.
Reports on MPWR have been released as of late by various equity analysts throughout the industry. In a research note on Friday, October 28, Cowen announced that the company had decreased its price target on Monolithic Power Systems shares. The previous price target of $600 has been revised to $425.00. In a report made public on Friday, October 28, Cowen announced that the price target they had established for Monolithic Power Systems had decreased from $600 to $425.00. The coverage of the shares of Monolithic Power Systems was initiated on StockNews.com with the publication of a post on October 12. They recommended that shareholders “hold” their shares of the company. Monolithic Power Systems was downgraded from a “buy” recommendation to a “hold” recommendation in a research report made public on October 28 by Needham & Company LLC. Despite this change, the company maintained its price target of $550.00. Wells Fargo & Company stated in a report that was made public on November 11 that they would be providing coverage for Monolithic Power Systems share transactions. They believe the company should have an “overweight” rating and have decided that a price objective of $435.00 should be set. Eleven out of a total of twelve financial analysts have rated the stock as a buy.
In contrast, only one of them recommended that investors maintain their current stock holdings. Bloomberg.com reports that the current average rating for Monolithic Power Systems is “Moderate Buy,” The website also states that the average price target is $435.20. Both of these pieces of information can be found on the website.
When trading on the NASDAQ MPWR began on Wednesday, the stock was priced at $401.52 per share. Monolithic Power Systems hit a 52-week low of $301.69 during the year, while the company reached a 52-week high of $541.39. The stock’s 50-day moving average is currently sitting at $358.62, and its 200-day moving average is currently at $409.36, respectively. The price-to-earnings ratio for the company is currently at 49.57, the price-to-earnings growth ratio for the company is currently at 1.64, and the beta value for the company is currently at 1.11. The market value of the company’s shares is currently at $18.85 billion.
Monolithic Power Systems (NASDAQ: MPWR) published the quarterly results report that it had been working on Thursday, October 27. The most recent quarter’s earnings per share for the semiconductor company came in at $2.64, which is $0.09 less than the consensus prediction of $2.73 for that quarter’s earnings per share. The company’s quarterly sales came in at $495.42 million, which is significantly higher than the industry analysts’ forecasted total of $490.45 million for the company’s sales for the quarter. Monolithic Power Systems had a return on equity of 29.06 percent, and the company’s net margin was 23.42 percent of its revenue. During the current fiscal year, equity research professionals anticipate that Monolithic Power Systems will bring in a profit of $9.43 per share in net income.
According to additional information about the company, Director James C. Moyer transacted the sale of 40,000 shares of Monolithic Power Systems stock on December 12. The information indicates this. The price per share averaged when the shares were sold at $386.53, which resulted in a total sale volume of 15,461,200.00 dollars. After the completion of the sale, the director is now the direct owner of 42,938 shares of the company, which have a total value of $16,596,825.14 in the current market. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. According to additional information about the company, Director James C. Moyer transacted the sale of 40,000 shares of Monolithic Power Systems stock on December 12. The information indicates this. The price per share averaged when the shares were sold at $386.53, which resulted in a total sale volume of 15,461,200.00 dollars. After the completion of the sale, the director is now the direct owner of 42,938 shares of the company, which have a total value of $16,596,825.14 in the current market. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. On September 22, James C. Moyer, also a company director, sold 9,800 shares of the company’s stock. The transaction took place on the same day. The shares were obtained at an average price of $385.89 per share, which results in the transaction having a total value of $3,781,722.00. The director is now the direct owner of 82,938 business shares, which, due to the transaction that took place, have a combined value of 32,004,944.82 dollars. The disclosure about the purchase can be found in this particular location. Insiders of corporations have collectively sold 88,996 shares over the past three months, bringing in a total of $33,751,525 in proceeds. A stake in the company equal to three percent of the total shares outstanding is held by company insiders.
As a result of recent happenings, several institutional investors have adjusted how they are currently invested in MPWR. During the second quarter, FMR LLC achieved a 126.1% increase in its ownership stake in Monolithic Power Systems. FMR LLC, a member of the LLC, currently owns the stock in the semiconductor company. The most recent quarter saw the company purchase an additional 443,857 shares, bringing the total number of shares it owns to 795,879; these shares have a value of $305,648,000. The proportion of monolithic power systems that Renaissance Technologies LLC owned went up by 342.9% during the third quarter of the fiscal year. Renaissance Technologies LLC now owns a total of 423,341 shares of the stock held by the semiconductor company. These shares have a market value of $153,842,000 and were acquired by the company by purchasing an additional 327,755 shares during the preceding quarter. DURING THE THIRD QUARTER, Price T. Rowe Associates Inc. (MD) increased the proportion of its holdings comprised of Monolithic Power Systems by 18.9%. Price T. Rowe Associates Inc. (MD) now owns a total of 1,743,681 shares of the semiconductor company’s stock. These shares have an estimated value of $640,215,000 and were acquired by the company following the purchase of an additional 277,288 shares during the most recent fiscal quarter. BlackRock Inc. increased its holdings in Monolithic Power Systems by 4.5% over the year’s first three months. BlackRock Inc. now owns 6,249,482 shares of the semiconductor company’s stock, which have an estimated market value of $3,035,249,000 after purchasing an additional 269,551 shares during the most recent quarter. BlackRock Inc.’s stock holdings have increased by $269,551 since the beginning of the most recent quarter.
Last but not least, during the third quarter, Los Angeles Capital Management LLC increased the amount of Monolithic Power Systems stock owned by 155.0%. This is not to say that this is the least important thing during this period. Los Angeles Capital Management LLC now has a total of 399,477 shares of the semiconductor company’s stock, which have a value of $145,170,000, thanks to the acquisition of an additional 242,804 shares during the preceding quarter. To the tune of 93.24 percent, the ownership of the stock is held by hedge funds and other types of institutional investors.
Monolithic Power Systems, Inc. is developing, marketing, and selling semiconductor-based power electronics solutions for various markets, including computing and storage, automotive, industrial, communications, and consumer markets. Specifically, the company focuses on the automotive market. In a wide variety of electronic systems, direct current (DC) and direct current (DC) integrated circuits (ICs) are utilized to convert voltages and manage the voltages that are present. These systems include mobile electronic devices, wireless local area network (LAN) access points, desktop and laptop computers, monitors, informational and entertainment software, and medical devices. In addition, integrated circuits that convert direct current to direct current are another type that is utilized.