Monolithic Power Systems (NASDAQ:MPWR) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Monolithic Power Systems (NASDAQ:MPWR) in a report released on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $950.00 target price on the semiconductor company’s stock.

Other equities analysts have also issued research reports about the stock. Loop Capital began coverage on shares of Monolithic Power Systems in a research report on Monday. They set a “hold” rating and a $660.00 price objective on the stock. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. TD Cowen cut their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two 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 a consensus rating of “Moderate Buy” and an average target price of $916.73.

Monolithic Power Systems Stock Down 0.3 %

Shares of Monolithic Power Systems stock traded down $1.82 during midday trading on Tuesday, hitting $574.97. The company’s stock had a trading volume of 481,241 shares, compared to its average volume of 588,522. Monolithic Power Systems has a 1-year low of $532.86 and a 1-year high of $959.64. The firm has a market capitalization of $28.05 billion, a P/E ratio of 65.03, a PEG ratio of 2.86 and a beta of 1.15. The stock has a 50-day simple moving average of $866.42 and a 200-day simple moving average of $828.49.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. As a group, sell-side analysts predict that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.87%. Monolithic Power Systems’s dividend payout ratio is 56.37%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 9.58 % 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, EVP Deming Xiao sold 9,259 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at $19,432,250. This trade represents a 31.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,359 shares of company stock worth $36,209,571. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Monolithic Power Systems by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after acquiring an additional 55,874 shares during the period. FMR LLC increased its position in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after purchasing an additional 361,416 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Monolithic Power Systems by 26.3% during the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after purchasing an additional 93,362 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Monolithic Power Systems by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company’s stock valued at $290,537,000 after purchasing an additional 5,645 shares during the last quarter. Finally, Earnest Partners LLC boosted its position in Monolithic Power Systems by 5.2% in the first quarter. Earnest Partners LLC now owns 290,876 shares of the semiconductor company’s stock valued at $197,045,000 after buying an additional 14,327 shares in the last quarter. 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.