Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Average Rating of “Moderate Buy” from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $882.64.

Several equities research analysts have issued reports on MPWR shares. Oppenheimer restated an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a report on Monday, November 11th. Raymond James lifted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. KeyCorp lowered their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a report on Monday. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

Monolithic Power Systems Trading Up 2.5 %

Monolithic Power Systems stock opened at $587.84 on Tuesday. The firm has a market capitalization of $28.67 billion, a P/E ratio of 66.27, a PEG ratio of 2.73 and a beta of 1.15. The business has a 50-day moving average of $856.47 and a 200-day moving average of $828.33. Monolithic Power Systems has a 1 year low of $535.39 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Research analysts anticipate that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,359 shares of company stock worth $36,209,571. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. increased its position in Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after acquiring an additional 1,082 shares during the period. Cetera Investment Advisers lifted its position in shares of Monolithic Power Systems by 237.3% during the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after acquiring an additional 4,760 shares during the period. Czech National Bank grew its holdings in shares of Monolithic Power Systems by 9.8% during the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after purchasing an additional 824 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Monolithic Power Systems by 224.4% in the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after purchasing an additional 1,057 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Monolithic Power Systems by 22.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,273 shares of the semiconductor company’s stock valued at $2,690,000 after purchasing an additional 592 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.