TD Cowen reiterated coverage on Monolithic Power with a new price target
$MPWR
Semiconductors
Technology
TD Cowen reiterated coverage of Monolithic Power with a rating of Outperform and set a new price target of $800.00 from $650.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2024 | $880.00 | Buy → Neutral | Rosenblatt |
| 10/31/2024 | $1100.00 → $975.00 | Buy | TD Cowen |
| 8/21/2024 | $925.00 → $1100.00 | Buy | TD Cowen |
| 2/8/2024 | $650.00 → $800.00 | Outperform | TD Cowen |
| 12/26/2023 | $550.00 → $750.00 | Buy | Rosenblatt |
| 7/20/2023 | Peer Perform | Wolfe Research | |
| 5/5/2023 | $550.00 → $500.00 | Outperform | TD Cowen |
| 11/16/2022 | $475.00 | Outperform | Credit Suisse |
KIRKLAND, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. ("MPS") (NASDAQ:MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced financial results for the quarter ended September 30, 2024. The financial results for the quarter ended September 30, 2024 were as follows: Revenue was $620.1 million for the quarter ended September 30, 2024, a 22.2% increase from $507.4 million for the quarter ended June 30, 2024 and a 30.6% increase from $474.9 million for the quarter ended September 30, 2023.GAAP gross margin was 55.4% for the quarter ended September 30, 2024, compared with 55.5% for the quarter
KIRKLAND, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- MPS will report its results after the market closes on October 30, 2024 and host a question-and-answer webinar at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/99356457350. Q3 2024 Financial Summary (Unaudited) GAAP Q3'24 Q2'24 Q3'23 QoQ Change YoY ChangeRevenue ($k) $620,119 $507,431 $474,867 Up 22.2% Up 30.6%Gross Margin 55.4% 55.3% 55.5% Up 0.1 pts Down 0.1 ptsOpex ($k) $179,415 $164,042 $127,975 Up 9.4% Up 40.2%Operating Margin 26.5% 23.0% 28.5% Up 3.5 pts Down 2.0 ptsNet income ($k) $144,430 $100,366 $121,163 Up 43.9% Up 19.2%
KIRKLAND, Wash., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (NASDAQ:MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the third quarter ended September 30, 2024. MPS will report its results after the market closes on Wednesday, October 30th. Along with the earnings announcement, MPS will provide written commentary on its results of operations for the third quarter ended September 30, 2024. MPS will host a question-and-answer conference call at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed
Rosenblatt downgraded Monolithic Power from Buy to Neutral and set a new price target of $880.00
TD Cowen reiterated coverage of Monolithic Power with a rating of Buy and set a new price target of $975.00 from $1,100.00 previously
TD Cowen reiterated coverage of Monolithic Power with a rating of Buy and set a new price target of $1,100.00 from $925.00 previously
8-K - MONOLITHIC POWER SYSTEMS INC (0001280452) (Filer)
8-K - MONOLITHIC POWER SYSTEMS INC (0001280452) (Filer)
8-K - MONOLITHIC POWER SYSTEMS INC (0001280452) (Filer)
4 - MONOLITHIC POWER SYSTEMS INC (0001280452) (Issuer)
4 - MONOLITHIC POWER SYSTEMS INC (0001280452) (Issuer)
4 - MONOLITHIC POWER SYSTEMS INC (0001280452) (Issuer)
SC 13G - MONOLITHIC POWER SYSTEMS INC (0001280452) (Subject)
SC 13G/A - MONOLITHIC POWER SYSTEMS INC (0001280452) (Subject)
SC 13G - MONOLITHIC POWER SYSTEMS INC (0001280452) (Subject)
KIRKLAND, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. ("MPS") (NASDAQ:MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced financial results for the quarter ended September 30, 2024. The financial results for the quarter ended September 30, 2024 were as follows: Revenue was $620.1 million for the quarter ended September 30, 2024, a 22.2% increase from $507.4 million for the quarter ended June 30, 2024 and a 30.6% increase from $474.9 million for the quarter ended September 30, 2023.GAAP gross margin was 55.4% for the quarter ended September 30, 2024, compared with 55.5% for the quarter
KIRKLAND, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- MPS will report its results after the market closes on October 30, 2024 and host a question-and-answer webinar at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/99356457350. Q3 2024 Financial Summary (Unaudited) GAAP Q3'24 Q2'24 Q3'23 QoQ Change YoY ChangeRevenue ($k) $620,119 $507,431 $474,867 Up 22.2% Up 30.6%Gross Margin 55.4% 55.3% 55.5% Up 0.1 pts Down 0.1 ptsOpex ($k) $179,415 $164,042 $127,975 Up 9.4% Up 40.2%Operating Margin 26.5% 23.0% 28.5% Up 3.5 pts Down 2.0 ptsNet income ($k) $144,430 $100,366 $121,163 Up 43.9% Up 19.2%
KIRKLAND, Wash., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (NASDAQ:MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the third quarter ended September 30, 2024. MPS will report its results after the market closes on Wednesday, October 30th. Along with the earnings announcement, MPS will provide written commentary on its results of operations for the third quarter ended September 30, 2024. MPS will host a question-and-answer conference call at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed
KIRKLAND, Wash., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. ("MPS") (NASDAQ:MPWR), a fabless company with a global footprint that provides high-performance, semiconductor-based power electronic solutions, announced the appointment of Eileen Wynne to its Board of Directors (the "Board") on February 7, 2023. "We are pleased to have Eileen join our Board," said Michael Hsing, Chairman of the Board. "She embodies our commitment to an experienced, creative and diverse leadership team." "I am honored to be invited to join the Board of MPS, one of the fastest growing companies in the analog semiconductor industry," said Eileen Wynne. Eileen Wynne, 56, has served as interi
KIRKLAND, Wash., May 27, 2021 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (NASDAQ:MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, today announced the appointment of Carintia Martinez to its Board of Directors, effective immediately. "We are pleased to have Carintia join our Board," said Michael Hsing, Chairman of the Board of Directors. "She embodies our commitment to an experienced, creative and diverse leadership team." "I am excited to join the Board of MPS, one of the fastest growing companies in the analog semiconductor industry," said Carintia Martinez. Carintia Martinez, 55, has served as Vice President,
Monolithic Power Systems's (NYSE:MPWR) short percent of float has risen 16.31% since its last report. The company recently reported that it has 1.78 million shares sold short, which is 4.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.09 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Sho