Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $820.33 Average Price Target from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $820.33.

Several analysts recently issued reports on MPWR shares. TD Cowen decreased their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. KeyCorp reduced their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Rosenblatt Securities restated a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday. Oppenheimer cut their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Monolithic Power Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPWR. Outlook Wealth Advisors LLC grew its stake in shares of Monolithic Power Systems by 2.5% during the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after buying an additional 12 shares during the last quarter. Greenleaf Trust boosted its holdings in Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after acquiring an additional 14 shares during the period. Aptus Capital Advisors LLC boosted its holdings in Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 14 shares during the period. Graypoint LLC grew its position in Monolithic Power Systems by 3.9% in the 3rd quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock valued at $373,000 after acquiring an additional 15 shares during the last quarter. Finally, TrinityPoint Wealth LLC increased its stake in Monolithic Power Systems by 3.2% in the third quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company’s stock worth $449,000 after purchasing an additional 15 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

MPWR opened at $660.90 on Friday. The firm has a market cap of $32.24 billion, a P/E ratio of 74.51, a PEG ratio of 2.44 and a beta of 1.03. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64. The company has a 50 day simple moving average of $613.54 and a two-hundred day simple moving average of $756.52.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities analysts anticipate that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s payout ratio is 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.