Monolithic Power Systems (NASDAQ:MPWR) Stock Rating Reaffirmed by Truist Financial

Truist Financial reiterated their buy rating on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a $994.00 price objective on the semiconductor company’s stock, up from their prior price objective of $918.00.

Other analysts have also recently issued research reports about the stock. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a buy rating in a research note on Monday, July 29th. KeyCorp raised their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an overweight rating in a research report on Friday, August 2nd. Oppenheimer boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an outperform rating in a research report on Thursday, June 13th. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a buy rating in a research note on Friday, September 27th. Finally, Needham & Company LLC increased their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a buy rating in a research report on Monday, August 5th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $959.90.

Monolithic Power Systems Stock Up 1.4 %

Shares of MPWR stock opened at $935.61 on Wednesday. The stock’s 50-day moving average price is $879.02 and its 200 day moving average price is $791.23. The stock has a market capitalization of $45.54 billion, a PE ratio of 111.51, a price-to-earnings-growth ratio of 4.13 and a beta of 1.11. Monolithic Power Systems has a 52-week low of $392.10 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same quarter in the previous year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. Analysts expect that Monolithic Power Systems will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.53%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 3,205 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the completion of the transaction, the executive vice president now directly owns 203,213 shares of the company’s stock, valued at $168,987,866.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Maurice Sciammas sold 10,999 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $843.83, for a total transaction of $9,281,286.17. Following the sale, the executive vice president now owns 118,876 shares of the company’s stock, valued at $100,311,135.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 3,205 shares of Monolithic Power Systems stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $831.58, for a total value of $2,665,213.90. Following the sale, the executive vice president now owns 203,213 shares of the company’s stock, valued at approximately $168,987,866.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,534 shares of company stock valued at $50,452,525 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently modified their holdings of the company. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $25,000. RiverPark Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter valued at $27,000. Atwood & Palmer Inc. acquired a new position in Monolithic Power Systems in the second quarter valued at $33,000. Crewe Advisors LLC lifted its position in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in Monolithic Power Systems in the 2nd quarter worth about $36,000. 93.46% of the stock is owned by institutional investors and hedge funds.

About Monolithic Power Systems

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.