Monolithic Power Systems, IncNasdaq: MPWR
Information Technology · Semiconductors
$1,500.25
-9.20%
Vol: 578K
Research Digest
Tuesday, June 16, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14Monolithic Power Systems declared a $2.00 per share Q2 2026 dividend on June 12, payable July 15 to holders of record June 30.Positive▶
On June 12, 2026, Monolithic Power Systems announced a second-quarter 2026 cash dividend of $2.00 per common share, payable July 15, 2026 to stockholders of record at the close of business on June 30, 2026 (GlobeNewswire/StockTitan releases dated June 12). The declaration follows a record Q1 2026 in which revenue grew 26% year-over-year, led by strong enterprise data and communications demand, with capacity-expansion targets raised toward $6 billion. The dividend signals management confidence and ongoing capital return amid heavy AI data-center exposure. The bear case is the lingering governance overhang: the company recently disclosed that certain past financial statements require restatement, alongside fresh insider share sales and new law-firm investigations into potential fiduciary breaches by the board. With the stock near all-time highs around $1,601 and trading at a premium semiconductor multiple, any restatement fallout or AI-demand wobble carries outsized downside. Analysts remain broadly bullish, with a Strong Buy consensus and an average target near $1,797.
May 21No significant overnight updatesNeutral▶
No material company-specific news in the last 48 hours. Recent items (Q1 record revenue, May 13 Rosen Law Firm fiduciary duty investigation, and May 6 director insider sales) all fall outside the 48-hour window.
May 20Monolithic Power fell 4.1% on May 18 to about $1,486 as semiconductor stocks slid after a U.S.-China summit produced no breakthroughs, with director insider sales also disclosed earlier this month.Mixed▶
Monolithic Power Systems dropped 4.1% on May 18, 2026 to roughly $1,486 as semiconductor stocks weakened following a U.S.-China summit that yielded no trade breakthroughs; on May 19 MPWR traded between $1,412.89 and $1,485.06. Insider sales were disclosed earlier in the month: Director Eugen J. Elmiger sold ~12,000 shares (about $19M) on May 6 at $1,557-$1,602, Director Jeff Zhou sold 1,514 shares on May 5-6, and Director Eileen Wynne sold 335 shares on May 6. Recent Q1 2026 numbers remain the underlying bull case - record revenue of $804M (+26% YoY), Q2 guide of $900M at the midpoint (+35% YoY), and an expanded $6B capacity-expansion target. Analyst consensus is Buy with an average target near $1,797. The company also prevailed in a patent infringement lawsuit brought by Bel Power Solutions in West Texas.
May 19Monolithic Power rose 3.2% to $1,650 on May 13 amid fresh price-target hikes from Needham ($1,750), Oppenheimer ($1,700) and Raymond James ($1,800) following record Q1 results.Positive▶
Monolithic Power Systems shares rose 3.2% to $1,650.35 on May 13, 2026, propelled by a wave of analyst price-target hikes after record Q1 results of $804M revenue (+26% YoY) and Q2 guidance pointing to roughly 35% growth at the $900M midpoint. Needham raised to $1,750 (Buy), Oppenheimer to $1,700, and Raymond James to $1,800 (Outperform) on May 1, with TD Cowen, Truist and KeyBanc also lifting targets up to $2,000. The company is expanding manufacturing capacity to a $6B goal (up from $4B), driven by EV partnerships and AI data-center power demand, while consensus 2026 revenue is forecast at $3.70B (+25%) and EPS at $19.31 (+40%). Bear case: a Q1 margin drop and the May 6 insider sale of $19M by Director Eugen Elmiger raise concerns that gross-margin headwinds and stretched valuation (shares +78% YTD) could pressure the stock if AI capex moderates or design-win competition intensifies.
May 18Monolithic Power Systems surged after Q1 record revenue of $804M (+26% YoY) drove multiple analyst price target hikes, with KeyBanc raising to $2,000 from $1,500.Positive▶
MPWR reported Q1 2026 record revenue of $804 million, up 7% sequentially and 26% year-over-year, with the communications end market growing 33% sequentially. Q2 guidance calls for 35% growth at midpoint of $900 million. Following the results, multiple analysts raised price targets: KeyBanc to $2,000 (from $1,500), TD Cowen to $1,850 (from $1,550), Truist to $1,805 (from $1,396), Raymond James to $1,800 (from $1,350), and Rosenblatt to $1,575 (from $1,000). Shares rose 3.2% to $1,650.35 on May 13. Director Eugen J. Elmiger sold roughly $19M of stock on May 6, and Rosen Law Firm announced an investigation of fiduciary duty breaches on May 13. The company is expanding manufacturing capacity targeting $6 billion, up from $4 billion.
May 15Monolithic Power director sold $19M in stock on May 6 even as price target hikes lifted shares 3.2% to $1,650 on May 13.Positive▶
Monolithic Power Systems director Eugen J. Elmiger sold approximately $19M in common stock on May 6, and director Eileen Wynne sold 335 shares at $1,582.68 average price the same day. Despite the insider selling, shares rose 3.2% to $1,650 on May 13 after price target hikes from Needham, Oppenheimer, and Raymond James. Stock trades near 52-week high of $1,662, reflecting ~152% one-year return. Q1 results (May 6) showed record quarterly revenue of $804M (+26% YoY) with Q2 guidance for 35% growth at $900M midpoint. Communications end market grew 33% sequentially driven by AI optical modules. Company raised manufacturing capacity goal to $6B from $4B. Consensus is Strong Buy.
May 14Monolithic Power Systems saw multiple price target hikes after a strong Q1 beat, but a $19M insider sale and macro fears pressured sharesPositive▶
MPWR shares rose 3.8% to $1,661.10 on May 11, then pulled back 2.7% on May 12 to close at $1,599.52 amid broader macro fears. Q1 2026 revenue came in at $804.2M, up 26% YoY and ahead of the $781.6M consensus, with EPS of $5.10 beating $4.90. The company guided Q2 revenue of about $900M, 12% sequential growth. Director Eugen J. Elmiger sold roughly $19 million in stock on May 6 (12,000 shares at $1,557-$1,602), and director Eileen Wynne sold 335 shares the same day. Multiple analysts raised price targets May 1, including TD Cowen to $1,850, Truist to $1,805, Needham to $1,750, and KeyBanc to $2,000. Growth thesis hinges on AI-driven data center power demand and automotive electrification. Raymond James reaffirmed Outperform with an $1,800 target.
May 13Monolithic Power Systems shares pull back 5.48% after blistering 61% six-month run, but analysts continue raising targets on AI data center strength.Mixed▶
MPWR dropped 5.48% in recent trading, underperforming semiconductor peers after a major rally that took shares to $1,573 (+61.1% over six months). Q1 2026 results beat handily with revenue of $804.2M (+26% YoY) and EPS of $5.10 vs $4.90 expected, with Q2 revenue guidance raised to $890-910M. AI infrastructure is the driver - Enterprise Data revenue rose 98% YoY and Communications grew 56% YoY. KeyBanc raised PT to $2,000 (Overweight) and Wolfe Research raised to $1,950. EVP Xiao Deming reportedly sold $49.6M in stock, an insider-selling signal worth watching after the run.
May 12MPWR insiders sell over $19M in stock May 6–11 as TD Cowen lifts target to $1,850 and shares hit $1,662 record.Positive▶
Monolithic Power Systems insider activity intensified: Director Eugen J. Elmiger sold 12,000 shares on May 6 at an average $1,584.96 for $19,019,520, and Director Jeff Zhou sold 1,514 shares May 5 for $2,434,283. The selling came as MPWR hit an all-time intraday high of $1,662 on May 8, valuing the company near $81.2B. TD Cowen raised its price target to $1,850 from $1,550 with a Buy rating; Needham hiked to $1,750 from $1,300 with a Buy. Q1 2026 revenue was $804.2M (+26% YoY) versus $781.6M consensus, EPS $5.10 vs $4.90 expected. Strength reflects power-management IC demand from AI/data-center GPU and accelerator buildouts.
May 11Monolithic Power hit a 52-week high of $1,662 on May 8 after Q1 revenue jumped 26% to $804M and multiple analysts hiked price targets to $1,750-$1,860.Mixed▶
Monolithic Power Systems reported Q1 2026 revenue of $804.19 million, up 26.1% year-over-year, with EPS of $5.10 beating the $4.90 forecast on strong AI-related power-management IC demand. The stock hit an intraday high of $1,662 on May 8, 2026, marking a fresh 52-week peak with 68.3% YTD growth. Multiple analysts hiked price targets: Needham raised to $1,750 from $1,300, TD Cowen raised to $1,850 from $1,550 (Buy), Wells Fargo raised to $1,860 from $1,650 (Overweight), KeyBanc to $2,000, Raymond James to $1,800, Deutsche Bank to $1,850, and Stifel to $1,800. The company projects 2026 revenue of $3.7B with EPS of $23.91. Risk: Significant insider selling on May 5-6 - EVP Xiao Deming sold ~$49.6M, Director Eugen Elmiger sold ~$19M, and Director Jeff Zhou sold $2.4M, raising concerns about elevated valuation.
May 8MPWR Q1 beats on $5.10 EPS; analyst raises target 27% to $1,797 on AI infrastructure demandPositive▶
Monolithic Power Systems reported Q1 2026 earnings on April 30 with EPS of $5.10 beating consensus $4.90, and revenue of $804.2M (26.1% YoY growth) exceeding estimate of $781.93M. Analysts raised price targets on strong results: median 15-analyst target raised to $1,797 (27% increase). Stock reached all-time high at $1,662 USD. Coverage highlights shift of AI trade toward CPUs and associated infrastructure with MPWR as beneficiary of increased power-management demand. Stock up 158.2% past year.
May 6MPWR beats Q1 2026 revenue guidance and raises forecast; analyst upgraded price target to $2,000.Positive▶
Monolithic Power Systems reported Q1 2026 revenue of $804.2M (+26.1% YoY), beating guidance and raising forward outlook. Adjusted EPS was $1.65, exceeding estimates. KeyBanc raised price target from $1,500 to $2,000 with Overweight rating, citing strong AI and data center demand. The company also won a patent lawsuit against Bel Power, recovering $50K in court costs. Analyst consensus expects 2026 revenue of $3.7B (+25% YoY). Risk: margin compression and competitive pressure in semiconductor sector.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| MPWRMONOLITHIC | $1,500.25 | -9.20% | +0.8% | 49.7x | 1.69 | $73.6B |
| NVDANVIDIA | $207.80 | -2.19% | -6.7% | 16.3x | 2.20 | $5.02T |
| AVGOBROADCOM | $377.01 | -4.30% | -10.5% | 19.5x | 1.43 | $1.79T |
| MUMICRON | $1,024.99 | -5.79% | +49.8% | 9.0x | 2.17 | $1.15T |
| AMDADVANCED | $508.50 | -7.08% | +20.5% | 38.7x | 2.49 | $827.2B |
| INTCINTEL | $117.54 | -8.07% | +8.2% | 75.9x | 2.23 | $588.3B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.