TD Cowen Cuts MPWR Price Target to $1,700

TD Cowen maintained its Buy rating on Monolithic Power Systems, Inc. (NASDAQ:MPWR) on October 19, 2026, while lowering its price target from $1,850.00 to $1,700.00. According to a research note released on the same day, the firm kept its positive stance on the semiconductor maker even as it trimmed its target price. Monolithic Power Systems, Inc. closed at $1,253.66 on the day of the rating update.

MPWR Monolithic Power Systems, Inc.

$1,253.66 ▲ +34.56% year to date

1M 3M YTD

Daily close · Oct 19, 2026

TD Cowen's Call on Monolithic Power Systems, Inc.

In its update on October 19, 2026, TD Cowen kept a Buy rating on Monolithic Power Systems, Inc. while reducing the price target to $1,700.00 from $1,850.00. The move comes as Wall Street firms adjust expectations for the chip designer, which develops power electronics solutions for automotive, industrial, and computing markets.

Other Institutional Activity in Monolithic Power Systems, Inc.

Other large institutional investors have also adjusted their portfolios around the chipmaker. Franklin Resources, Inc. reduced its holdings by 116,739 shares, ending with 811,974 shares worth about $1,017,939,352.00 in its report filed for June 30, 2026.

Monolithic Power Systems, Inc. Stock Up 3.5%

The shares recently traded around $1,253.66 as of October 20, 2026, remaining equal to the closing price recorded during TD Cowen's rating update. The stock sits below its 50-day moving average of $1,304.53 and under its 200-day moving average of $1,305.57. At current levels, the market capitalization stands at about $61.61 billion.

Recent Earnings

The company generated $3,273,157,888.00 in trailing-twelve-month revenue with trailing earnings of $16.44 per share. Operations yield a net margin of 24.5% alongside a return on equity of 22.0%. The next earnings report is scheduled for October 29, 2026.

Dividend

Shareholders receive an annual dividend of $8.00 per share, which gives the stock a dividend yield of 0.64%. The payout ratio sits at 43.3%.

Insider Buying and Selling at Monolithic Power Systems, Inc.

Company insiders completed several transactions ahead of the autumn months. Chief Financial Officer Robert W. Dean II sold 6 shares at $1,413.64 for a total of $8,482.00 on August 17, 2026, and later sold 32 shares at $1,297.72 for $41,527.00 on August 24, 2026. Director Kuo Wei Herbert Chang sold 50 shares at $1,281.57 for $64,078.00 on August 24, 2026. Chief Executive Officer Michael R. Hsing sold 30,000 shares for $40,349,047.00 on September 28, 2026.

Analysts Set New Price Targets

Wall Street firms hold largely positive views on the stock. Wells Fargo maintained an Overweight rating with a target of $1,800.00 on July 31, 2026. Truist Securities maintained a Buy rating and raised its target to $1,889.00 on the same day. Keybanc maintained an Overweight rating with a $2,100.00 target on July 31, 2026. StoneX initiated coverage with a Buy rating and an $1,800.00 target on September 3, 2026. Overall, 15 analyst opinions place the stock at a consensus strong buy with a mean price target of $1,829.80.

About Monolithic Power Systems, Inc.

Based in West Palm Beach, Florida, Monolithic Power Systems designs high-performance analog and mixed-signal semiconductors. Its chips manage and convert power efficiently for diverse electronics systems across computing, automotive, and telecommunications sectors worldwide.

Bottom Line

TD Cowen's decision to maintain its Buy rating shows continued confidence in the firm despite a lower price target. Investors will watch the upcoming earnings release on October 29, 2026, for further updates on financial performance and demand trends.