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

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $828.67.

Several equities analysts have weighed in on MPWR shares. Wells Fargo & Company began coverage on Monolithic Power Systems in a research note on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price on the stock. TD Cowen cut their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Truist Financial reaffirmed a “buy” rating and issued a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Finally, Needham & Company LLC dropped their target price 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.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the transaction, the chief financial officer now owns 56,678 shares of the company’s stock, valued at approximately $43,809,826.88. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,600 shares of company stock valued at $4,656,631 in the last quarter. Insiders own 3.70% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC increased its stake in Monolithic Power Systems by 28.5% during the second quarter. Private Advisor Group LLC now owns 803 shares of the semiconductor company’s stock valued at $660,000 after acquiring an additional 178 shares during the period. Candriam S.C.A. raised its stake in shares of Monolithic Power Systems by 13.1% in the second quarter. Candriam S.C.A. now owns 2,419 shares of the semiconductor company’s stock valued at $1,988,000 after purchasing an additional 281 shares in the last quarter. Savant Capital LLC lifted its position in Monolithic Power Systems by 10.5% in the second quarter. Savant Capital LLC now owns 2,085 shares of the semiconductor company’s stock worth $1,713,000 after purchasing an additional 198 shares during the period. Acadian Asset Management LLC boosted its stake in Monolithic Power Systems by 277.2% during the second quarter. Acadian Asset Management LLC now owns 5,764 shares of the semiconductor company’s stock worth $4,732,000 after buying an additional 4,236 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in Monolithic Power Systems in the 2nd quarter valued at $286,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 1.0 %

Shares of NASDAQ MPWR opened at $624.87 on Wednesday. The business has a fifty day simple moving average of $628.15 and a 200-day simple moving average of $786.45. The company has a market cap of $30.48 billion, a price-to-earnings ratio of 70.45, a P/E/G ratio of 2.90 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.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. As a group, sell-side analysts expect that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.80%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

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.