Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $716.90 Average PT from Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have received an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $743.78.

Several equities analysts have weighed in on MPWR shares. Truist Financial lifted their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp lifted their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. TD Cowen lifted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Oppenheimer lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd.

Insider Activity

In other news, insider Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the sale, the insider now directly owns 208,580 shares in the company, valued at approximately $141,834,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the sale, the director now directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Deming Xiao sold 859 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares of the company’s stock, valued at $141,834,400. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock worth $30,986,274 in the last three months. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after buying an additional 90,589 shares during the last quarter. FMR LLC lifted its holdings in shares of Monolithic Power Systems by 35.0% during the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after buying an additional 929,009 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Monolithic Power Systems by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after buying an additional 43,191 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Monolithic Power Systems by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock worth $666,219,000 after buying an additional 3,105 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Monolithic Power Systems by 4.4% during the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock worth $648,736,000 after buying an additional 43,225 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 0.8 %

Shares of MPWR opened at $707.22 on Friday. The business’s 50-day moving average price is $678.85 and its 200 day moving average price is $617.41. The stock has a market capitalization of $34.41 billion, a P/E ratio of 84.29, a P/E/G ratio of 3.78 and a beta of 1.22. Monolithic Power Systems has a 1-year low of $383.19 and a 1-year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. On average, research analysts predict that Monolithic Power Systems will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.71%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Monolithic Power Systems Company Profile

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.