Deutsche Bank Aktiengesellschaft Boosts Monolithic Power Systems (NASDAQ:MPWR) Price Target to $530.00

Monolithic Power Systems (NASDAQ:MPWR – Get Rating) had its price target lifted by Deutsche Bank Aktiengesellschaft from $457.00 to $530.00 in a report released on Tuesday morning, The Fly reports.

Other analysts also recently issued research reports about the stock. KeyCorp lifted their target price on shares of Monolithic Power Systems from $520.00 to $570.00 in a report on Tuesday, May 3rd. Truist Financial cut their price objective on shares of Monolithic Power Systems from $568.00 to $545.00 in a report on Friday, April 8th. Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $500.00 to $550.00 in a report on Tuesday. Finally, Cowen set a $550.00 price objective on shares of Monolithic Power Systems in a report on Tuesday, July 19th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $569.70.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $532.33 on Tuesday. The firm has a 50-day moving average of $426.87 and a 200-day moving average of $427.63. Monolithic Power Systems has a one year low of $348.02 and a one year high of $580.00. The company has a market cap of $24.83 billion, a PE ratio of 76.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10.

Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last announced its earnings results on Monday, August 1st. The semiconductor company reported $3.25 EPS for the quarter, topping the consensus estimate of $2.94 by $0.31. The business had revenue of $461.00 million during the quarter, compared to the consensus estimate of $430.59 million. Monolithic Power Systems had a net margin of 22.40% and a return on equity of 26.57%. Monolithic Power Systems’s revenue was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS. Analysts expect that Monolithic Power Systems will post 8.72 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Wednesday, June 29th. Monolithic Power Systems’s payout ratio is 43.04%.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $520.00, for a total transaction of $104,000.00. Following the sale, the director now directly owns 5,851 shares of the company’s stock, valued at approximately $3,042,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Deming Xiao sold 4,515 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $361.58, for a total transaction of $1,632,533.70. Following the transaction, the insider now directly owns 282,074 shares of the company’s stock, valued at $101,992,316.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Zhou sold 200 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $520.00, for a total transaction of $104,000.00. Following the transaction, the director now directly owns 5,851 shares in the company, valued at $3,042,520. The disclosure for this sale can be found here. Insiders have sold 21,458 shares of company stock valued at $7,922,989 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MPWR. Vestmark Advisory Solutions Inc. acquired a new position in Monolithic Power Systems during the fourth quarter worth $367,000. Illinois Municipal Retirement Fund raised its holdings in Monolithic Power Systems by 34.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 3,187 shares of the semiconductor company’s stock worth $1,572,000 after buying an additional 814 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $5,523,000. Dupont Capital Management Corp raised its holdings in shares of Monolithic Power Systems by 185.7% in the fourth quarter. Dupont Capital Management Corp now owns 1,580 shares of the semiconductor company’s stock valued at $779,000 after purchasing an additional 1,027 shares during the last quarter. Finally, CWM LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $131,000. 94.02% of the stock is owned by institutional investors.

About Monolithic Power Systems

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Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.