Analysts Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) Price Target at $828.67

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $828.67.

A number of equities analysts recently commented on MPWR shares. Stifel Nicolaus raised their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Truist Financial restated a “buy” rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Citigroup assumed coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Finally, KeyCorp cut 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 report on Monday, November 18th.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $593.22 on Friday. The firm has a market cap of $28.94 billion, a P/E ratio of 66.88, a P/E/G ratio of 2.90 and a beta of 1.05. The firm’s 50 day moving average price is $698.15 and its 200-day moving average price is $802.16. Monolithic Power Systems has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released 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). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. As a group, research analysts predict that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,100 shares of company stock valued at $17,153,021 in the last ninety days. Insiders own 3.70% of the company’s stock.

Institutional Trading of Monolithic Power Systems

A number of large investors have recently made changes to their positions in MPWR. Tidal Investments LLC lifted its stake in Monolithic Power Systems by 105.7% in the third quarter. Tidal Investments LLC now owns 6,042 shares of the semiconductor company’s stock valued at $5,586,000 after buying an additional 3,105 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Monolithic Power Systems in the 3rd quarter valued at $23,233,000. World Investment Advisors LLC boosted its stake in Monolithic Power Systems by 14.6% during the 3rd quarter. World Investment Advisors LLC now owns 822 shares of the semiconductor company’s stock worth $760,000 after purchasing an additional 105 shares during the period. Sanctuary Advisors LLC grew its position in Monolithic Power Systems by 386.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 19,500 shares of the semiconductor company’s stock worth $18,028,000 after purchasing an additional 15,493 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after purchasing an additional 133,838 shares during the period. 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.