Rosenblatt Securities Reiterates Buy Rating for Monolithic Power Systems (NASDAQ:MPWR)

Rosenblatt Securities reissued their buy rating on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research note published on Tuesday, Marketbeat Ratings reports. Rosenblatt Securities currently has a $880.00 price objective on the semiconductor company’s stock.

Other analysts also recently issued research reports about the stock. Needham & Company LLC increased their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Truist Financial reissued a “buy” rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. KeyCorp increased their target price 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. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $942.40.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $759.37 on Tuesday. The company has a market capitalization of $37.02 billion, a PE ratio of 85.61, a P/E/G ratio of 4.25 and a beta of 1.11. The company has a 50 day simple moving average of $897.06 and a two-hundred day simple moving average of $822.41. Monolithic Power Systems has a fifty-two week low of $459.69 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share 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 21.00%. Research analysts predict that Monolithic Power Systems will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.25 dividend. 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 56.37%.

Insider Activity at Monolithic Power Systems

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 completion of the sale, the chief financial officer now owns 64,178 shares of the company’s stock, valued at approximately $49,955,513.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the firm’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 directly owns 202,354 shares in the company, valued at approximately $157,510,330.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 728 shares of the firm’s 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 owns 64,178 shares in the company, valued at approximately $49,955,513.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,636 shares of company stock valued at $36,459,953. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently bought and sold shares of MPWR. Family Firm Inc. bought a new position in Monolithic Power Systems during the 2nd quarter valued at $25,000. RiverPark Advisors LLC bought a new position in Monolithic Power Systems during the 1st quarter valued at $27,000. NBC Securities Inc. lifted its stake in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. Finally, Atwood & Palmer Inc. bought a new position in Monolithic Power Systems during the 2nd quarter valued at $33,000. 93.46% of the stock is currently owned by institutional investors.

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.