Monolithic Power Systems (NASDAQ:MPWR) insider Eugen J. Elmiger acquired shares worth approximately $19,019,481 on May 6, 2026, according to an SEC filing. This marks his largest purchase to date and the 12th such transaction over the past 12 months.
Elmiger bought 12,000 shares at prices ranging from $1,557.08 to $1,602.68 per share, with an average around $1,584. The transaction occurred as MPWR shares traded near their 52-week high of $1,662, reflecting a 152% gain over the past year.
Following the purchase, Elmiger directly holds 5,402 shares of the company.
Strong Q1 2026 Results
Monolithic Power Systems reported first-quarter 2026 earnings that surpassed expectations. Earnings per share reached $5.10, topping the anticipated $4.90. Revenue hit $842 million, exceeding the forecasted $781.63 million.
Analyst Price Target Increases
KeyBanc analysts raised their price target on MPWR from $1,500 to $2,000 while maintaining an Overweight rating. They highlighted accelerating demand in data centers and AI chip sectors.
Wolfe Research also lifted its target from $1,650 to $1,950, keeping an Outperform rating. The firm adjusted upward its estimates for sales and EPS, projecting 2026 revenue at $3.7 billion with EPS of $23.91, and 2027 revenue at $4.3 billion with EPS of $29.28.
These revisions underscore the company’s robust growth in data center infrastructure and AI-related segments, fueling investor interest.
Current analysis indicates MPWR trades at fair value relative to its fundamentals.
