Monolithic Power Systems (NASDAQ:MPWR) Trading 7.6% Higher on Analyst Upgrade

Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) traded up 7.6% on Monday after Truist Financial raised their price target on the stock from $432.00 to $533.00. Truist Financial currently has a buy rating on the stock. Monolithic Power Systems traded as high as $429.60 and last traded at $427.99. 378,290 shares changed hands during trading, a decline of 21% from the average session volume of 477,864 shares. The stock had previously closed at $397.78.

Other analysts have also recently issued research reports about the stock. Credit Suisse Group assumed coverage on shares of Monolithic Power Systems in a research note on Tuesday, November 15th. They set an “outperform” rating and a $475.00 target price on the stock. KeyCorp decreased their target price on shares of Monolithic Power Systems from $500.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Needham & Company LLC decreased their target price on shares of Monolithic Power Systems from $550.00 to $450.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Oppenheimer reduced their price objective on shares of Monolithic Power Systems from $550.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, October 21st. Finally, StockNews.com began coverage on shares of Monolithic Power Systems in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $445.30.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, insider Deming Xiao sold 1,385 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $390.33, for a total transaction of $540,607.05. Following the sale, the insider now owns 272,805 shares of the company’s stock, valued at $106,483,975.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Maurice Sciammas sold 279 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $405.51, for a total transaction of $113,137.29. Following the transaction, the vice president now owns 203,584 shares in the company, valued at $82,555,347.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deming Xiao sold 1,385 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $390.33, for a total transaction of $540,607.05. Following the transaction, the insider now owns 272,805 shares in the company, valued at approximately $106,483,975.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,306 shares of company stock valued at $32,829,469. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Monolithic Power Systems by 23.5% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 758 shares of the semiconductor company’s stock valued at $291,000 after purchasing an additional 144 shares during the period. Echo Street Capital Management LLC acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter worth about $376,000. Inspire Investing LLC raised its holdings in shares of Monolithic Power Systems by 5.0% in the 2nd quarter. Inspire Investing LLC now owns 779 shares of the semiconductor company’s stock worth $299,000 after acquiring an additional 37 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Monolithic Power Systems by 4.3% in the 2nd quarter. Principal Financial Group Inc. now owns 144,782 shares of the semiconductor company’s stock worth $55,600,000 after acquiring an additional 6,016 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Monolithic Power Systems by 31.9% in the 3rd quarter. Barclays PLC now owns 120,199 shares of the semiconductor company’s stock worth $43,679,000 after acquiring an additional 29,066 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Monolithic Power Systems Stock Performance

The company has a market cap of $20.12 billion, a price-to-earnings ratio of 52.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.12. The stock’s fifty day moving average is $374.57 and its two-hundred day moving average is $400.75.

Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last posted its earnings results on Thursday, October 27th. The semiconductor company reported $2.64 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.09). The business had revenue of $495.42 million during the quarter, compared to analyst estimates of $490.45 million. Monolithic Power Systems had a return on equity of 29.06% and a net margin of 23.42%. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 9.43 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $3.00 annualized dividend and a yield of 0.70%. Monolithic Power Systems’s dividend payout ratio (DPR) is 37.04%.

Monolithic Power Systems Company Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers 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.