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

Monolithic Power Systems (NASDAQ:MPWR) had its target price increased by Needham & Company LLC from $600.00 to $800.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other research firms have also recently weighed in on MPWR. TD Cowen decreased their price objective 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. KeyCorp cut their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Wells Fargo & Company started 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 price target for the company. Citigroup assumed coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Finally, Oppenheimer decreased their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $720.25 on Friday. Monolithic Power Systems has a 52 week low of $546.71 and a 52 week high of $959.64. The stock has a market capitalization of $35.13 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.53 and a beta of 1.03. The stock has a fifty day moving average of $618.61 and a 200-day moving average of $754.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 22.49%. As a group, equities analysts forecast that Monolithic Power Systems will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.56 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.87%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is presently 13.60%.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tradewinds Capital Management LLC increased its stake in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $27,000. NBC Securities Inc. increased its holdings in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 34 shares during the period. Finally, West Oak Capital LLC lifted its holdings in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 545 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.