Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $882.64 Average PT from Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $840.36.

Several brokerages have recently weighed in on MPWR. Stifel Nicolaus upped their price objective 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 reaffirmed a “buy” rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. TD Cowen cut their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Oppenheimer restated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th.

Monolithic Power Systems Trading Up 1.5 %

Monolithic Power Systems stock opened at $580.81 on Tuesday. Monolithic Power Systems has a 52 week low of $538.00 and a 52 week high of $959.64. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 65.48, a PEG ratio of 2.73 and a beta of 1.15. The company’s 50-day moving average price is $826.30 and its two-hundred day moving average price is $821.87.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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 company 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 20.44%. Research analysts expect that Monolithic Power Systems will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems 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 sale, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. The trade was a 31.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The trade was a 3.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,359 shares of company stock valued at $26,709,571. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Monolithic Power Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems in the second quarter worth about $25,000. NBC Securities Inc. boosted its position in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC boosted its position in Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 34 shares during the period. Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC lifted its stake in shares of Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.