Monolithic Power Systems (NASDAQ:MPWR) Price Target Raised to $760.00

Monolithic Power Systems (NASDAQ:MPWR) had its price target raised by Loop Capital from $660.00 to $760.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other brokerages have also recently commented on MPWR. Rosenblatt Securities reissued a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a research report on Thursday. Oppenheimer reduced their price target 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. TD Cowen reduced their price target on 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 increased their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Needham & Company LLC increased their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $866.17.

Monolithic Power Systems Price Performance

MPWR stock opened at $720.25 on Friday. The stock has a market capitalization of $35.13 billion, a P/E ratio of 19.59, a P/E/G ratio of 2.53 and a beta of 1.03. The business has a 50-day moving average of $618.61 and a 200-day moving average of $754.03. Monolithic Power Systems has a fifty-two week low of $546.71 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. Equities analysts expect 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 paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is 13.60%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’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. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently modified their holdings of MPWR. Mather Group LLC. boosted its holdings in shares of Monolithic Power Systems by 93.2% in the 3rd quarter. Mather Group LLC. now owns 313 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 151 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Monolithic Power Systems by 7.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 349 shares of the semiconductor company’s stock valued at $323,000 after purchasing an additional 23 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Monolithic Power Systems by 15.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 305 shares of the semiconductor company’s stock valued at $282,000 after purchasing an additional 41 shares in the last quarter. CWM LLC boosted its holdings in shares of Monolithic Power Systems by 37.9% in the 3rd quarter. CWM LLC now owns 2,155 shares of the semiconductor company’s stock valued at $1,992,000 after purchasing an additional 592 shares in the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of Monolithic Power Systems by 32.1% in the 3rd quarter. Wedmont Private Capital now owns 885 shares of the semiconductor company’s stock valued at $823,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.