Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $851.58.

A number of research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Citigroup initiated coverage on 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. Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Oppenheimer restated an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Finally, Rosenblatt Securities decreased their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday, March 21st.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of Monolithic Power Systems by 9.1% in the third quarter. LPL Financial LLC now owns 98,510 shares of the semiconductor company’s stock valued at $91,073,000 after acquiring an additional 8,238 shares during the period. Pacer Advisors Inc. raised its position in Monolithic Power Systems by 8.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,533 shares of the semiconductor company’s stock valued at $7,889,000 after purchasing an additional 663 shares during the last quarter. Raymond James Trust N.A. boosted its stake in Monolithic Power Systems by 10.5% during the 3rd quarter. Raymond James Trust N.A. now owns 1,792 shares of the semiconductor company’s stock worth $1,657,000 after purchasing an additional 171 shares during the period. Cerity Partners LLC grew its position in Monolithic Power Systems by 47.9% during the 3rd quarter. Cerity Partners LLC now owns 4,551 shares of the semiconductor company’s stock worth $4,207,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Swedbank AB increased its stake in Monolithic Power Systems by 49.4% in the third quarter. Swedbank AB now owns 10,400 shares of the semiconductor company’s stock valued at $9,615,000 after purchasing an additional 3,439 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Down 3.6 %

MPWR opened at $579.89 on Monday. Monolithic Power Systems has a 52 week low of $546.71 and a 52 week high of $959.64. The business has a fifty day simple moving average of $637.11 and a 200-day simple moving average of $697.25. The firm has a market cap of $27.76 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Sell-side analysts expect that Monolithic Power Systems will post 13.2 earnings per share 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. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

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.