Oppenheimer Cuts Monolithic Power Systems (NASDAQ:MPWR) Price Target to $800.00

Monolithic Power Systems (NASDAQ:MPWR) had its price objective trimmed by Oppenheimer from $900.00 to $800.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the company. TD Cowen lowered their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company assumed coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC lowered their price target on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $820.33.

Monolithic Power Systems Stock Up 0.1 %

NASDAQ MPWR opened at $637.37 on Friday. The stock has a market capitalization of $31.09 billion, a PE ratio of 71.86, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03. Monolithic Power Systems has a 12-month low of $546.71 and a 12-month high of $959.64. The company has a 50 day moving average price of $609.43 and a two-hundred day moving average price of $759.83.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,100 shares of company stock worth $2,724,231. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC grew its stake in shares of Monolithic Power Systems by 11.0% during the fourth quarter. Global Retirement Partners LLC now owns 674 shares of the semiconductor company’s stock worth $399,000 after purchasing an additional 67 shares during the period. Pembroke Management LTD boosted its holdings in Monolithic Power Systems by 6.9% during the fourth quarter. Pembroke Management LTD now owns 37,969 shares of the semiconductor company’s stock worth $22,466,000 after buying an additional 2,444 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Monolithic Power Systems by 100.0% during the 4th quarter. Venturi Wealth Management LLC now owns 146 shares of the semiconductor company’s stock worth $86,000 after buying an additional 73 shares during the period. Truist Financial Corp increased its stake in shares of Monolithic Power Systems by 60.3% in the 4th quarter. Truist Financial Corp now owns 7,428 shares of the semiconductor company’s stock valued at $4,395,000 after acquiring an additional 2,793 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Monolithic Power Systems by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 7,390 shares of the semiconductor company’s stock valued at $4,373,000 after acquiring an additional 315 shares during the period. Institutional investors own 93.46% of the company’s stock.

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.