Brokerages Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) Price Target at $851.58

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $851.58.

A number of research firms recently weighed in on MPWR. Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. KeyCorp boosted their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities reduced their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company lowered their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st.

Monolithic Power Systems Stock Performance

MPWR stock opened at $579.89 on Monday. The stock has a market capitalization of $27.76 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The company has a fifty day moving average of $637.11 and a 200-day moving average of $697.25. Monolithic Power Systems has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Equities analysts forecast that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.08%. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Monolithic Power Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC raised its position in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 24 shares during the last quarter. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $29,000. West Oak Capital LLC boosted its holdings in shares of Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 545 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 51 shares during the period. 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.