Monolithic Power Systems (NASDAQ:MPWR) Price Target Increased to $550.00 by Analysts at Needham & Company LLC

Monolithic Power Systems (NASDAQ:MPWRGet Rating) had its price objective boosted by Needham & Company LLC from $500.00 to $550.00 in a report issued on Tuesday morning, The Fly reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the stock. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $520.00 to $570.00 in a report on Tuesday, May 3rd. Cowen set a $550.00 price objective on shares of Monolithic Power Systems in a report on Tuesday, July 19th. Truist Financial decreased their price objective on shares of Monolithic Power Systems from $568.00 to $545.00 in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monolithic Power Systems from $457.00 to $530.00 in a report on Tuesday. Finally, Oppenheimer boosted their price target on shares of Monolithic Power Systems from $500.00 to $550.00 in a report on Tuesday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of Moderate Buy and an average price target of $569.70.

Monolithic Power Systems Trading Up 9.4 %

MPWR stock opened at $505.72 on Tuesday. Monolithic Power Systems has a twelve month low of $348.02 and a twelve month high of $580.00. The company has a market capitalization of $23.59 billion, a P/E ratio of 87.80, a PEG ratio of 2.13 and a beta of 1.10. The firm has a 50 day simple moving average of $420.67 and a 200-day simple moving average of $425.48.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last released its quarterly earnings results on Monday, August 1st. The semiconductor company reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.31. Monolithic Power Systems had a net margin of 20.75% and a return on equity of 22.80%. The business had revenue of $461.00 million during the quarter, compared to the consensus estimate of $430.59 million. During the same quarter last year, the company earned $1.17 earnings per share. The business’s quarterly revenue was up 57.2% compared to the same quarter last year. On average, research analysts predict that Monolithic Power Systems will post 8.72 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Wednesday, June 29th. Monolithic Power Systems’s dividend payout ratio is currently 52.08%.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 950 shares of Monolithic Power Systems stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.58, for a total transaction of $343,501.00. Following the sale, the chief financial officer now directly owns 129,043 shares in the company, valued at $46,659,367.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Theodore Blegen sold 950 shares of Monolithic Power Systems stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.58, for a total transaction of $343,501.00. Following the sale, the chief financial officer now directly owns 129,043 shares in the company, valued at $46,659,367.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 11,495 shares of Monolithic Power Systems stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.57, for a total transaction of $4,156,247.15. Following the sale, the chief executive officer now owns 1,026,928 shares in the company, valued at $371,306,356.96. The disclosure for this sale can be found here. Insiders have sold a total of 21,258 shares of company stock worth $7,818,989 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Achmea Investment Management B.V. bought a new stake in Monolithic Power Systems in the first quarter worth about $27,000. Lindbrook Capital LLC raised its position in Monolithic Power Systems by 75.6% in the second quarter. Lindbrook Capital LLC now owns 72 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 31 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Monolithic Power Systems by 102.2% in the second quarter. Parkside Financial Bank & Trust now owns 91 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 46 shares in the last quarter. Clear Street Markets LLC raised its position in Monolithic Power Systems by 384.2% in the second quarter. Clear Street Markets LLC now owns 92 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 73 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in Monolithic Power Systems in the fourth quarter worth about $36,000. 94.02% of the stock is currently owned by institutional investors.

About Monolithic Power Systems

(Get Rating)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

See Also

The Fly logo

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

Want More Great Investing Ideas?

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.