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

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $573.58.

Several equities analysts have recently issued reports on MPWR shares. Truist Financial decreased their price target on Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. StockNews.com started coverage on Monolithic Power Systems in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Needham & Company LLC decreased their price target on Monolithic Power Systems from $575.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st.

Get Our Latest Research Report on Monolithic Power Systems

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 712 shares of Monolithic Power Systems stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $490.39, for a total transaction of $349,157.68. Following the transaction, the chief financial officer now directly owns 119,881 shares of the company’s stock, valued at approximately $58,788,443.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Theodore Blegen sold 712 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $490.39, for a total value of $349,157.68. Following the transaction, the chief financial officer now directly owns 119,881 shares of the company’s stock, valued at approximately $58,788,443.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $490.39, for a total value of $1,368,188.10. Following the completion of the transaction, the chief executive officer now directly owns 996,426 shares in the company, valued at $488,637,346.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,976 shares of company stock valued at $100,381,875. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MPWR. Private Advisor Group LLC lifted its stake in shares of Monolithic Power Systems by 31.3% in the 1st quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock valued at $672,000 after purchasing an additional 330 shares during the period. Raymond James Trust N.A. increased its position in Monolithic Power Systems by 5.4% in the 1st quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock valued at $930,000 after buying an additional 99 shares in the last quarter. Cibc World Market Inc. increased its position in Monolithic Power Systems by 1,624.0% in the 1st quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock valued at $3,492,000 after buying an additional 6,772 shares in the last quarter. Blair William & Co. IL increased its position in Monolithic Power Systems by 9.3% in the 1st quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock valued at $5,019,000 after buying an additional 883 shares in the last quarter. Finally, Prudential PLC bought a new stake in Monolithic Power Systems in the 1st quarter valued at about $439,000. 96.52% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $613.42 on Wednesday. The stock’s fifty day moving average price is $596.16 and its two-hundred day moving average price is $529.70. Monolithic Power Systems has a one year low of $383.19 and a one year high of $648.00. The firm has a market cap of $29.41 billion, a PE ratio of 66.46, a price-to-earnings-growth ratio of 5.58 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last posted its quarterly earnings data on Monday, October 30th. The semiconductor company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.08. Monolithic Power Systems had a return on equity of 24.92% and a net margin of 24.60%. The firm had revenue of $474.87 million for the quarter, compared to analyst estimates of $474.12 million. Sell-side analysts expect that Monolithic Power Systems will post 9.18 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.65%. The ex-dividend date was Thursday, December 28th. Monolithic Power Systems’s payout ratio is presently 43.34%.

Monolithic Power Systems Company Profile

(Get Free Report

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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