Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $431.70.

Several equities research analysts have issued reports on the company. Wells Fargo & Company initiated coverage on Monolithic Power Systems in a research note on Friday, November 11th. They set an “overweight” rating and a $435.00 price target for the company. Needham & Company LLC lowered their price objective on Monolithic Power Systems from $550.00 to $450.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Oppenheimer decreased their target price on shares of Monolithic Power Systems from $550.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, October 21st. StockNews.com began coverage on Monolithic Power Systems in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Credit Suisse Group began coverage on Monolithic Power Systems in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $475.00 price target for the company.

Insider Activity

In other Monolithic Power Systems news, VP Saria Tseng sold 982 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $343.98, for a total transaction of $337,788.36. Following the completion of the sale, the vice president now directly owns 256,096 shares in the company, valued at $88,091,902.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Michael Hsing sold 10,960 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $372.60, for a total transaction of $4,083,696.00. Following the completion of the sale, the chief executive officer now directly owns 1,005,883 shares in the company, valued at $374,792,005.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Saria Tseng sold 982 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $343.98, for a total transaction of $337,788.36. Following the completion of the sale, the vice president now owns 256,096 shares of the company’s stock, valued at $88,091,902.08. The disclosure for this sale can be found here. Insiders sold a total of 43,796 shares of company stock valued at $16,370,121 over the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Glassman Wealth Services increased its position in Monolithic Power Systems by 58.5% during the 2nd quarter. Glassman Wealth Services now owns 65 shares of the semiconductor company’s stock worth $25,000 after buying an additional 24 shares during the period. Guardian Wealth Advisors LLC bought a new stake in shares of Monolithic Power Systems during the third quarter valued at approximately $27,000. Achmea Investment Management B.V. bought a new stake in shares of Monolithic Power Systems during the first quarter valued at approximately $27,000. Lindbrook Capital LLC grew its holdings in Monolithic Power Systems by 75.6% during the second quarter. Lindbrook Capital LLC now owns 72 shares of the semiconductor company’s stock worth $28,000 after buying an additional 31 shares in the last quarter. Finally, Heritage Wealth Management LLC purchased a new position in Monolithic Power Systems in the second quarter worth $28,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Monolithic Power Systems Stock Up 0.4 %

MPWR stock opened at $375.69 on Friday. The firm has a market capitalization of $17.63 billion, a PE ratio of 46.38, a P/E/G ratio of 1.59 and a beta of 1.09. The stock’s 50 day moving average is $361.07 and its 200-day moving average is $412.83. Monolithic Power Systems has a twelve month low of $301.69 and a twelve month high of $573.60.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, September 29th. Monolithic Power Systems’s payout ratio is currently 37.04%.

About Monolithic Power Systems

(Get Rating)

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.

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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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