Monolithic Power Systems (NASDAQ:MPWR) Price Target Cut to $665.00 by Analysts at Wells Fargo & Company

Monolithic Power Systems (NASDAQ:MPWR) had its price objective cut by Wells Fargo & Company from $710.00 to $665.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

A number of other brokerages have also recently commented on MPWR. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. Oppenheimer cut their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Rosenblatt Securities lowered their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a report on Friday. Needham & Company LLC increased their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Loop Capital lifted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $851.58.

Monolithic Power Systems Trading Down 3.0 %

Shares of Monolithic Power Systems stock opened at $590.98 on Friday. Monolithic Power Systems has a twelve month low of $546.71 and a twelve month high of $959.64. The firm has a market capitalization of $28.29 billion, a PE ratio of 16.07, a P/E/G ratio of 2.60 and a beta of 1.03. The firm’s 50-day moving average price is $636.30 and its 200 day moving average price is $707.52.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, sell-side analysts predict that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 1.06%. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MPWR. DSG Capital Advisors LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth about $2,280,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Monolithic Power Systems by 3.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,281 shares of the semiconductor company’s stock worth $1,942,000 after purchasing an additional 101 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $20,930,000. Virtue Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 6.3% in the fourth quarter. Virtue Capital Management LLC now owns 576 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 34 shares in the last quarter. Finally, Armis Advisers LLC purchased a new stake in Monolithic Power Systems during the 4th quarter worth approximately $240,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.