Monolithic Power Systems (MPWR) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a hold rating to a buy rating in a report released on Friday.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $150.00 to $155.00 and gave the stock a buy rating in a report on Thursday, July 26th. ValuEngine upgraded shares of Monolithic Power Systems from a hold rating to a buy rating in a report on Friday, November 16th. Cowen lowered their target price on shares of Monolithic Power Systems from $180.00 to $165.00 and set an outperform rating on the stock in a report on Friday, October 26th. Raymond James downgraded shares of Monolithic Power Systems from a strong-buy rating to an outperform rating and set a $160.00 target price on the stock. in a report on Tuesday, September 25th. Finally, KeyCorp boosted their target price on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the stock an overweight rating in a report on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $151.00.

Shares of MPWR opened at $124.33 on Friday. The firm has a market cap of $5.24 billion, a P/E ratio of 67.21, a PEG ratio of 2.01 and a beta of 1.49. Monolithic Power Systems has a 1-year low of $101.99 and a 1-year high of $152.21.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 1,088 shares of the company’s stock in a transaction on Monday, October 22nd. The shares were sold at an average price of $114.61, for a total value of $124,695.68. Following the transaction, the chief financial officer now directly owns 54,987 shares in the company, valued at $6,302,060.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Maurice Sciammas sold 5,808 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $121.73, for a total transaction of $707,007.84. Following the completion of the transaction, the vice president now owns 307,551 shares in the company, valued at $37,438,183.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,759 shares of company stock worth $15,802,411. 4.00% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. First Hawaiian Bank acquired a new position in shares of Monolithic Power Systems in the third quarter valued at $127,000. Grandeur Peak Global Advisors LLC acquired a new position in shares of Monolithic Power Systems in the second quarter valued at $141,000. TLP Group LLC acquired a new position in shares of Monolithic Power Systems in the third quarter valued at $145,000. Paradigm Asset Management Co. LLC acquired a new position in shares of Monolithic Power Systems in the third quarter valued at $157,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Monolithic Power Systems in the second quarter valued at $201,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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