Monolithic Power Systems (NASDAQ:MPWR) Price Target Increased to $550.00 by Analysts at Oppenheimer

Monolithic Power Systems (NASDAQ:MPWRGet Rating) had its target price raised by Oppenheimer from $500.00 to $550.00 in a report issued on Tuesday morning, The Fly reports.

MPWR has been the topic of a number of other reports. Truist Financial lowered their price target on Monolithic Power Systems from $568.00 to $545.00 in a report on Friday, April 8th. Cowen set a $550.00 target price on Monolithic Power Systems in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft lowered their target price on Monolithic Power Systems from $500.00 to $475.00 in a report on Wednesday, July 20th. Finally, KeyCorp increased their target price on Monolithic Power Systems from $520.00 to $570.00 in a report on Tuesday, May 3rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of Moderate Buy and a consensus target price of $569.70.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $505.72 on Tuesday. The company has a market cap of $23.59 billion, a P/E ratio of 87.80, a PEG ratio of 2.13 and a beta of 1.10. Monolithic Power Systems has a 1 year low of $348.02 and a 1 year high of $580.00. The stock’s fifty day moving average price is $420.67 and its 200-day moving average price is $425.48.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last announced its quarterly earnings results on Monday, August 1st. The semiconductor company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.31. The firm had revenue of $461.00 million for the quarter, compared to the consensus estimate of $430.59 million. Monolithic Power Systems had a return on equity of 22.80% and a net margin of 20.75%. The company’s quarterly revenue was up 57.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. On average, sell-side analysts anticipate that Monolithic Power Systems will post 8.72 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Deming Xiao sold 4,515 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $361.58, for a total transaction of $1,632,533.70. Following the completion of the sale, the insider now owns 282,074 shares in the company, valued at $101,992,316.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Deming Xiao sold 4,515 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $361.58, for a total transaction of $1,632,533.70. Following the completion of the sale, the insider now owns 282,074 shares in the company, valued at $101,992,316.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 950 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $361.58, for a total value of $343,501.00. Following the sale, the chief financial officer now owns 129,043 shares of the company’s stock, valued at approximately $46,659,367.94. The disclosure for this sale can be found here. Insiders sold a total of 21,258 shares of company stock worth $7,818,989 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in Monolithic Power Systems by 140.4% during the 4th quarter. First Trust Advisors LP now owns 110,630 shares of the semiconductor company’s stock valued at $54,577,000 after buying an additional 64,614 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Monolithic Power Systems by 7.0% during the 4th quarter. CIBC Asset Management Inc now owns 4,211 shares of the semiconductor company’s stock valued at $2,077,000 after buying an additional 276 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Monolithic Power Systems by 19.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 22,389 shares of the semiconductor company’s stock valued at $10,874,000 after buying an additional 3,570 shares in the last quarter. Raymond James & Associates grew its holdings in Monolithic Power Systems by 5.1% during the 4th quarter. Raymond James & Associates now owns 61,677 shares of the semiconductor company’s stock valued at $30,427,000 after buying an additional 2,971 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in Monolithic Power Systems by 0.6% during the 4th quarter. Eagle Asset Management Inc. now owns 148,245 shares of the semiconductor company’s stock valued at $72,862,000 after buying an additional 908 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Monolithic Power Systems Company Profile

(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.

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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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