Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Average Rating of “Moderate Buy” from Brokerages

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $766.00.

A number of brokerages recently issued reports on MPWR. KeyCorp boosted their price target on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, Oppenheimer lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the sale, the chief financial officer now directly owns 75,723 shares in the company, valued at approximately $50,226,308.67. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the transaction, the chief financial officer now directly owns 75,723 shares of the company’s stock, valued at approximately $50,226,308.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 200 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $735.00, for a total value of $147,000.00. Following the transaction, the director now directly owns 941 shares in the company, valued at $691,635. The disclosure for this sale can be found here. Insiders have sold 46,046 shares of company stock worth $31,842,373 in the last 90 days. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors have recently bought and sold shares of the stock. RiverPark Advisors LLC bought a new position in Monolithic Power Systems in the 1st quarter worth $27,000. OFI Invest Asset Management bought a new position in Monolithic Power Systems in the 1st quarter worth $31,000. Arlington Trust Co LLC raised its holdings in Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 23 shares during the period. Operose Advisors LLC bought a new position in Monolithic Power Systems in the 3rd quarter worth $43,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Monolithic Power Systems in the 4th quarter worth $43,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $826.17 on Friday. Monolithic Power Systems has a 1 year low of $392.10 and a 1 year high of $856.30. The company has a market cap of $40.22 billion, a PE ratio of 98.47, a P/E/G ratio of 4.36 and a beta of 1.13. The stock’s 50-day moving average is $727.31 and its 200 day moving average is $680.12.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The company had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Analysts expect that Monolithic Power Systems will post 10.12 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.61%. Monolithic Power Systems’s payout ratio is currently 59.59%.

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.