Monolithic Power Systems (MPWR) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a hold rating to a buy rating in a research note issued to investors on Friday.

MPWR has been the subject of a number of other reports. BidaskClub downgraded Monolithic Power Systems from a strong-buy rating to a buy rating in a research note on Wednesday, September 12th. Cowen decreased their target price on Monolithic Power Systems from $180.00 to $165.00 and set an outperform rating for the company in a research note on Friday, October 26th. KeyCorp reduced their price objective on Monolithic Power Systems from $170.00 to $150.00 and set an overweight rating for the company in a research report on Tuesday, October 16th. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $147.00 to $155.00 and gave the stock a $141.80 rating in a research report on Thursday, July 19th. Finally, Raymond James downgraded Monolithic Power Systems from a strong-buy rating to an outperform rating and set a $160.00 price objective for the company. in a research report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $151.00.

Shares of MPWR stock opened at $120.63 on Friday. Monolithic Power Systems has a 52 week low of $101.99 and a 52 week high of $152.21. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 65.21, a P/E/G ratio of 2.08 and a beta of 1.49.

In other news, insider Deming Xiao sold 3,334 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $150.00, for a total transaction of $500,100.00. Following the completion of the sale, the insider now owns 305,171 shares of the company’s stock, valued at $45,775,650. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Hsing sold 25,332 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $150.36, for a total transaction of $3,808,919.52. Following the sale, the chief executive officer now directly owns 1,090,037 shares of the company’s stock, valued at approximately $163,897,963.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,615 shares of company stock valued at $15,890,679. Insiders own 4.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Monolithic Power Systems by 10.8% during the third quarter. BlackRock Inc. now owns 4,198,262 shares of the semiconductor company’s stock valued at $527,006,000 after purchasing an additional 408,839 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Monolithic Power Systems by 28.8% during the third quarter. Franklin Resources Inc. now owns 2,184,008 shares of the semiconductor company’s stock valued at $274,166,000 after purchasing an additional 488,655 shares during the last quarter. Wasatch Advisors Inc. grew its stake in shares of Monolithic Power Systems by 13.3% during the third quarter. Wasatch Advisors Inc. now owns 1,177,500 shares of the semiconductor company’s stock valued at $147,812,000 after purchasing an additional 138,539 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Monolithic Power Systems by 3.0% during the third quarter. Wells Fargo & Company MN now owns 1,123,942 shares of the semiconductor company’s stock valued at $141,088,000 after purchasing an additional 33,177 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Monolithic Power Systems by 4.1% during the second quarter. Bank of America Corp DE now owns 768,758 shares of the semiconductor company’s stock valued at $102,761,000 after purchasing an additional 30,146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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