Monolithic Power Systems (NASDAQ:MPWR) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued an equal weight rating and a $610.00 price target on the semiconductor company’s stock.

Other research analysts have also recently issued research reports about the company. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. KeyCorp decreased their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Truist Financial restated a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $950.00 price target on shares of Monolithic Power Systems in a report on Tuesday, November 12th. Finally, Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $840.36.

Monolithic Power Systems Trading Up 1.5 %

Shares of NASDAQ:MPWR opened at $580.81 on Friday. The stock has a market cap of $28.33 billion, a PE ratio of 65.48, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15. The stock’s fifty day simple moving average is $832.97 and its two-hundred day simple moving average is $822.93. Monolithic Power Systems has a 1-year low of $538.00 and a 1-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 analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, sell-side analysts forecast that Monolithic Power Systems will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.86%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the transaction, the executive vice president now owns 20,455 shares in the company, valued at approximately $19,432,250. This trade represents a 31.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. This represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,359 shares of company stock worth $26,709,571. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Monolithic Power Systems

A number of institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its position in shares of Monolithic Power Systems by 224.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after buying an additional 1,057 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Monolithic Power Systems by 52.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,629 shares of the semiconductor company’s stock valued at $1,104,000 after acquiring an additional 561 shares in the last quarter. LRI Investments LLC purchased a new position in Monolithic Power Systems during the 1st quarter valued at $132,000. Lazard Asset Management LLC raised its holdings in Monolithic Power Systems by 21,460.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,078 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Monolithic Power Systems in the 1st quarter worth about $2,913,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.