Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average Rating of “Buy” by Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given an average rating of “Buy” by the ten brokerages that are covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $952.30.

A number of analysts recently weighed in on MPWR shares. Truist Financial upped their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price target 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. Raymond James lifted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Oppenheimer upped their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Finally, TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $924.99 on Monday. Monolithic Power Systems has a fifty-two week low of $392.10 and a fifty-two week high of $959.64. The stock has a market cap of $45.03 billion, a PE ratio of 110.25, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. The stock has a fifty day moving average of $869.22 and a 200-day moving average of $782.98.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. During the same quarter in the previous year, the firm earned $2.05 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts predict that Monolithic Power Systems will post 10.41 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Insider Activity

In other Monolithic Power Systems news, CEO Michael Hsing sold 9,614 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $7,994,810.12. Following the transaction, the chief executive officer now directly owns 868,122 shares of the company’s stock, valued at $721,912,892.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Maurice Sciammas sold 10,999 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $843.83, for a total transaction of $9,281,286.17. Following the completion of the sale, the executive vice president now directly owns 118,876 shares in the company, valued at approximately $100,311,135.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Hsing sold 9,614 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total value of $7,994,810.12. Following the transaction, the chief executive officer now owns 868,122 shares in the company, valued at $721,912,892.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,034 shares of company stock worth $48,181,625. 3.20% of the stock is currently owned by insiders.

Institutional Trading of Monolithic Power Systems

Several hedge funds and other institutional investors have recently bought and sold shares of MPWR. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems in the second quarter worth $25,000. RiverPark Advisors LLC purchased a new position in shares of Monolithic Power Systems in the first quarter valued at about $27,000. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the first quarter valued at about $31,000. Atwood & Palmer Inc. purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $33,000. Finally, Crewe Advisors LLC grew 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 purchasing an additional 24 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

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.