Rosenblatt Securities Downgrades Monolithic Power Systems (NASDAQ:MPWR) to Hold

Rosenblatt Securities lowered shares of Monolithic Power Systems (NASDAQ:MPWR) from a strong-buy rating to a hold rating in a report published on Thursday morning, Zacks.com reports.

Other research analysts also recently issued reports about the company. Truist Financial restated a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Needham & Company LLC dropped their target price on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, KeyCorp boosted their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $942.40.

Monolithic Power Systems Trading Up 0.0 %

Shares of MPWR traded up $0.07 during trading hours on Thursday, hitting $759.37. The company had a trading volume of 1,018,146 shares, compared to its average volume of 545,448. The company has a market capitalization of $37.02 billion, a PE ratio of 85.61, a price-to-earnings-growth ratio of 4.25 and a beta of 1.11. Monolithic Power Systems has a one year low of $459.69 and a one year high of $959.64. The company’s fifty day moving average price is $897.06 and its two-hundred day moving average price is $822.41.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 21.00% and a net margin of 21.29%. Analysts forecast that Monolithic Power Systems will post 10.41 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.66%. Monolithic Power Systems’s payout ratio is presently 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the sale, the chief financial officer now owns 64,178 shares in the company, valued at approximately $49,955,513.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the transaction, the chief financial officer now owns 64,178 shares of the company’s stock, valued at $49,955,513.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the transaction, the chief executive officer now directly owns 865,332 shares of the company’s stock, valued at approximately $673,565,775.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,636 shares of company stock worth $36,459,953. 3.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after acquiring an additional 9,125 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Monolithic Power Systems by 237.3% in the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after acquiring an additional 4,760 shares in the last quarter. Czech National Bank lifted its position in shares of Monolithic Power Systems by 9.8% in the second quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock valued at $7,620,000 after acquiring an additional 824 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Monolithic Power Systems by 224.4% in the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after acquiring an additional 1,057 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in shares of Monolithic Power Systems in the first quarter valued at approximately $5,161,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.