Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Consensus Rating of “Buy” by Brokerages

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given an average recommendation of “Buy” by the ten brokerages that are currently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $942.40.

A number of equities research analysts have issued reports on the company. KeyCorp increased their price target on 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. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Truist Financial reaffirmed a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Raymond James increased their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 859 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the transaction, the executive vice president now owns 202,354 shares in the company, valued at $157,510,330.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Theodore Blegen sold 728 shares of Monolithic Power Systems stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $566,667.92. Following the transaction, the chief financial officer now directly owns 64,178 shares in the company, valued at $49,955,513.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,636 shares of company stock worth $36,459,953. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several hedge funds and other institutional investors have recently made changes to their positions in MPWR. Lewis Asset Management LLC lifted its holdings in Monolithic Power Systems by 14.7% in the third quarter. Lewis Asset Management LLC now owns 484 shares of the semiconductor company’s stock valued at $448,000 after acquiring an additional 62 shares during the period. TFB Advisors LLC increased its holdings in shares of Monolithic Power Systems by 6.5% in the 3rd quarter. TFB Advisors LLC now owns 625 shares of the semiconductor company’s stock valued at $578,000 after purchasing an additional 38 shares in the last quarter. Advisor Resource Council acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at about $275,000. Graypoint LLC boosted its holdings in Monolithic Power Systems by 3.9% during the third quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock worth $373,000 after buying an additional 15 shares in the last quarter. Finally, Catalina Capital Group LLC purchased a new position in Monolithic Power Systems in the third quarter valued at about $210,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $759.30 on Friday. The firm has a market cap of $36.96 billion, a price-to-earnings ratio of 90.50, a PEG ratio of 4.17 and a beta of 1.11. The firm has a 50 day simple moving average of $903.58 and a 200-day simple moving average of $822.06. Monolithic Power Systems has a one year low of $409.05 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. Equities analysts predict that Monolithic Power Systems will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 59.59%.

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.