Monolithic Power Systems (NASDAQ:MPWR) Price Target Lowered to $950.00 at Needham & Company LLC

Monolithic Power Systems (NASDAQ:MPWR) had its target price lowered by Needham & Company LLC from $1,000.00 to $950.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the stock. Raymond James upped their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. KeyCorp raised their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research report on Tuesday, October 29th. Stifel Nicolaus increased their price target 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $942.40.

Monolithic Power Systems Stock Up 0.0 %

Shares of NASDAQ MPWR opened at $759.37 on Thursday. The firm has a market cap of $37.02 billion, a P/E ratio of 85.61, a PEG ratio of 3.51 and a beta of 1.15. Monolithic Power Systems has a twelve month low of $459.69 and a twelve month high of $959.64. The company has a 50 day moving average of $897.06 and a 200 day moving average of $824.88.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share 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 return on equity of 20.44% and a net margin of 21.29%. As a group, equities analysts expect that Monolithic Power Systems will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.66%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares in the company, valued at $28,228,300. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Michael Hsing sold 2,790 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 transaction of $2,171,708.10. Following the transaction, the chief executive officer now owns 865,332 shares in the company, valued at approximately $673,565,775.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,636 shares of company stock worth $36,459,953. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

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