Monolithic Power Systems (NASDAQ:MPWR) Reaches New 1-Year Low – Time to Sell?

Monolithic Power Systems, Inc. (NASDAQ:MPWR) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $509.11 and last traded at $512.28, with a volume of 533613 shares traded. The stock had previously closed at $590.65.

Analysts Set New Price Targets

Several research firms have commented on MPWR. KeyCorp lifted their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Rosenblatt Securities lowered their price target on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Trading Down 4.3 %

The firm has a market cap of $22.85 billion, a PE ratio of 12.98, a P/E/G ratio of 2.60 and a beta of 1.21. The stock’s 50 day moving average price is $625.06 and its 200 day moving average price is $687.80.

Monolithic Power Systems (NASDAQ:MPWR) last announced its 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 net margin of 80.95% and a return on equity of 20.36%. Analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.31%. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently modified their holdings of MPWR. Captrust Financial Advisors lifted its stake in shares of Monolithic Power Systems by 9.1% in the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the semiconductor company’s stock worth $1,620,000 after acquiring an additional 146 shares during the period. Verition Fund Management LLC grew its position in Monolithic Power Systems by 150.2% in the third quarter. Verition Fund Management LLC now owns 1,211 shares of the semiconductor company’s stock worth $1,120,000 after buying an additional 727 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Monolithic Power Systems by 55.3% in the 3rd quarter. Janus Henderson Group PLC now owns 5,996 shares of the semiconductor company’s stock worth $5,545,000 after acquiring an additional 2,134 shares during the last quarter. Investment Management Corp of Ontario raised its holdings in Monolithic Power Systems by 46.3% during the 3rd quarter. Investment Management Corp of Ontario now owns 1,579 shares of the semiconductor company’s stock worth $1,460,000 after buying an additional 500 shares during the period. Finally, IHT Wealth Management LLC acquired a new position in Monolithic Power Systems in the 3rd quarter worth approximately $215,000. 93.46% of the stock is currently owned by 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.