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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $828.67.

MPWR has been the topic of a number of research reports. TD Cowen dropped their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. KeyCorp dropped their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a research note on Monday, November 18th. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company started coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target for the company.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,600 shares of company stock valued at $4,656,631 in the last 90 days. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently made changes to their positions in the stock. West Oak Capital LLC increased its stake in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 545 shares during the period. Graypoint LLC grew its holdings in shares of Monolithic Power Systems by 7.2% during the 4th quarter. Graypoint LLC now owns 432 shares of the semiconductor company’s stock worth $256,000 after purchasing an additional 29 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Monolithic Power Systems by 10.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,509 shares of the semiconductor company’s stock valued at $2,076,000 after purchasing an additional 329 shares during the period. Nordea Investment Management AB raised its stake in shares of Monolithic Power Systems by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 4,082 shares of the semiconductor company’s stock valued at $2,465,000 after purchasing an additional 213 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Monolithic Power Systems by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 41 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 4.8 %

Monolithic Power Systems stock opened at $591.23 on Wednesday. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a market cap of $28.84 billion, a P/E ratio of 66.66, a P/E/G ratio of 2.90 and a beta of 1.03. The company’s fifty day simple moving average is $616.04 and its 200-day simple moving average is $782.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS 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 firm had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. On average, equities research analysts expect that Monolithic Power Systems will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.85%. Monolithic Power Systems’s payout ratio is 56.37%.

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.