Monolithic Power Systems (NASDAQ:MPWR) Shares Gap Down – What’s Next?

Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s share price gapped down prior to trading on Monday . The stock had previously closed at $761.30, but opened at $629.30. Monolithic Power Systems shares last traded at $576.27, with a volume of 1,015,909 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MPWR shares. Oppenheimer reissued an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a report on Monday. KeyCorp upped their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Loop Capital started coverage on Monolithic Power Systems in a research note on Monday. They issued a “hold” rating and a $660.00 target price on the stock. Finally, Truist Financial reissued a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $916.73.

Monolithic Power Systems Stock Performance

The company has a 50 day moving average price of $871.40 and a two-hundred day moving average price of $830.09. The firm has a market capitalization of $31.42 billion, a price-to-earnings ratio of 72.62, a P/E/G ratio of 3.08 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 9,259 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the sale, the executive vice president now owns 20,455 shares in the company, valued at approximately $19,432,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the transaction, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,759 shares of company stock worth $34,985,340 over the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Concurrent Investment Advisors LLC increased its holdings in Monolithic Power Systems by 11.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 363 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 36 shares during the last quarter. Meeder Advisory Services Inc. boosted its holdings in shares of Monolithic Power Systems by 10.8% during the first quarter. Meeder Advisory Services Inc. now owns 401 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 39 shares during the period. ProShare Advisors LLC increased its holdings in shares of Monolithic Power Systems by 11.8% in the 1st quarter. ProShare Advisors LLC now owns 14,055 shares of the semiconductor company’s stock worth $9,521,000 after acquiring an additional 1,489 shares during the period. Entropy Technologies LP bought a new stake in Monolithic Power Systems in the 1st quarter valued at about $1,173,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Monolithic Power Systems by 61.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock valued at $2,010,000 after purchasing an additional 1,124 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.