Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $716.90 Consensus Price Target from Brokerages

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $743.78.

A number of brokerages recently issued reports on MPWR. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday. KeyCorp upped their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. TD Cowen raised their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Needham & Company LLC reissued a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday. Finally, Oppenheimer boosted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd.

Monolithic Power Systems Stock Down 0.8 %

MPWR stock opened at $707.22 on Friday. The company has a 50 day moving average of $678.85 and a two-hundred day moving average of $617.41. The company has a market cap of $34.41 billion, a price-to-earnings ratio of 84.29, a PEG ratio of 3.78 and a beta of 1.22. Monolithic Power Systems has a 12-month low of $383.19 and a 12-month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The firm had revenue of $454.01 million for the quarter, compared to analysts’ expectations of $452.13 million. On average, research analysts anticipate that Monolithic Power Systems will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Insider Activity

In related news, CEO Michael Hsing sold 2,790 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $1,897,200.00. Following the completion of the transaction, the chief executive officer now directly owns 915,193 shares of the company’s stock, valued at $622,331,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the transaction, the director now directly owns 6,269 shares in the company, valued at $4,705,323.33. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 2,790 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $1,897,200.00. Following the sale, the chief executive officer now owns 915,193 shares of the company’s stock, valued at approximately $622,331,240. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock worth $30,986,274 in the last quarter. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its stake in Monolithic Power Systems by 6.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,851 shares of the semiconductor company’s stock worth $1,317,000 after purchasing an additional 165 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Monolithic Power Systems by 14.6% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 5,498 shares of the semiconductor company’s stock worth $2,540,000 after buying an additional 700 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its stake in Monolithic Power Systems by 3.6% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 26,856 shares of the semiconductor company’s stock worth $12,407,000 after acquiring an additional 939 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Monolithic Power Systems by 1.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,723 shares of the semiconductor company’s stock valued at $7,264,000 after acquiring an additional 174 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Monolithic Power Systems by 4.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,635 shares of the semiconductor company’s stock valued at $3,989,000 after acquiring an additional 361 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Monolithic Power Systems

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.