Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $882.64 Average PT from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $840.36.

MPWR has been the subject of a number of recent analyst reports. Raymond James upped their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Oppenheimer reiterated an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Stifel Nicolaus raised their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st.

Monolithic Power Systems Trading Up 3.5 %

Monolithic Power Systems stock opened at $600.86 on Tuesday. The firm has a market capitalization of $29.31 billion, a P/E ratio of 67.74, a PEG ratio of 2.77 and a beta of 1.15. The business has a 50-day moving average of $826.30 and a 200-day moving average of $823.48. Monolithic Power Systems has a 1 year low of $538.00 and a 1 year high of $959.64.

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 the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Research analysts anticipate that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated 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 owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock valued at $17,913,521 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors have recently bought and sold shares of MPWR. Acadian Asset Management LLC increased its holdings in shares of Monolithic Power Systems by 224.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after acquiring an additional 1,057 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in Monolithic Power Systems by 52.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,629 shares of the semiconductor company’s stock valued at $1,104,000 after buying an additional 561 shares during the last quarter. Pitcairn Co. lifted its position in Monolithic Power Systems by 11.5% during the first quarter. Pitcairn Co. now owns 2,394 shares of the semiconductor company’s stock worth $1,622,000 after acquiring an additional 247 shares during the last quarter. Natixis grew its position in shares of Monolithic Power Systems by 169.1% in the first quarter. Natixis now owns 8,853 shares of the semiconductor company’s stock valued at $5,997,000 after purchasing an additional 5,563 shares during the last quarter. Finally, MQS Management LLC bought a new position in shares of Monolithic Power Systems during the first quarter worth approximately $335,000. Institutional investors and hedge funds 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.