Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $766.00 Average Price Target from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $766.00.

A number of brokerages have recently commented on MPWR. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Truist Financial upped their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. KeyCorp lifted their target price on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Oppenheimer upped their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Deming Xiao sold 1,300 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $769.40, for a total transaction of $1,000,220.00. Following the completion of the transaction, the executive vice president now directly owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, EVP Deming Xiao sold 1,300 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the completion of the transaction, the executive vice president now owns 206,418 shares in the company, valued at approximately $158,818,009.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the sale, the executive vice president now owns 130,744 shares in the company, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Insiders have sold 46,046 shares of company stock worth $31,842,373 over the last three months. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in Monolithic Power Systems during the fourth quarter worth $362,477,000. BNP Paribas Financial Markets boosted its stake in shares of Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after buying an additional 148,771 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after acquiring an additional 123,946 shares in the last quarter. Rokos Capital Management LLP increased its position in shares of Monolithic Power Systems by 133.9% in the third quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock valued at $93,218,000 after acquiring an additional 115,250 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Monolithic Power Systems by 100.4% in the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after acquiring an additional 97,357 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 3.4 %

Shares of Monolithic Power Systems stock opened at $798.14 on Friday. Monolithic Power Systems has a 1 year low of $392.10 and a 1 year high of $856.30. The company has a market cap of $38.85 billion, a P/E ratio of 95.13, a P/E/G ratio of 4.22 and a beta of 1.13. The stock has a 50-day moving average price of $730.34 and a 200 day moving average price of $683.51.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million during the quarter, compared to analyst estimates of $447.76 million. On average, equities analysts forecast that Monolithic Power Systems will post 10.12 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is 59.59%.

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.