Brokerages Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) Price Target at $828.67

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $828.67.

Several equities analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on 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. Needham & Company LLC reduced their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. TD Cowen dropped their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target for the company. Finally, KeyCorp dropped their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th.

Monolithic Power Systems Stock Down 4.8 %

NASDAQ:MPWR opened at $591.23 on Wednesday. The company’s 50 day moving average is $619.41 and its 200-day moving average is $784.16. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64. The firm has a market cap of $28.84 billion, a price-to-earnings ratio of 66.66, a P/E/G ratio of 2.90 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Research analysts predict that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the sale, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the transaction, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,600 shares of company stock worth $4,656,631 in the last 90 days. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors have recently modified their holdings of MPWR. Private Advisor Group LLC increased its position in Monolithic Power Systems by 28.5% in the second quarter. Private Advisor Group LLC now owns 803 shares of the semiconductor company’s stock worth $660,000 after purchasing an additional 178 shares during the period. Candriam S.C.A. raised its stake in shares of Monolithic Power Systems by 13.1% during the second quarter. Candriam S.C.A. now owns 2,419 shares of the semiconductor company’s stock worth $1,988,000 after buying an additional 281 shares during the last quarter. Savant Capital LLC raised its stake in shares of Monolithic Power Systems by 10.5% during the second quarter. Savant Capital LLC now owns 2,085 shares of the semiconductor company’s stock worth $1,713,000 after buying an additional 198 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Monolithic Power Systems by 277.2% during the 2nd quarter. Acadian Asset Management LLC now owns 5,764 shares of the semiconductor company’s stock worth $4,732,000 after acquiring an additional 4,236 shares during the period. Finally, Caprock Group LLC acquired a new stake in Monolithic Power Systems during the 2nd quarter worth $286,000. 93.46% of the stock is owned by institutional investors.

About Monolithic Power Systems

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.