Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $828.67 Average Price Target from Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $828.67.

Several brokerages have commented on MPWR. Oppenheimer restated an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. TD Cowen cut their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC decreased their price target on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus upped their price objective 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.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $591.23 on Wednesday. Monolithic Power Systems has a 12-month low of $546.71 and a 12-month high of $959.64. The business has a 50 day simple moving average of $616.04 and a 200 day simple moving average of $782.22. The firm has a market capitalization of $28.84 billion, a P/E ratio of 66.66, a P/E/G ratio of 2.90 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly 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). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. 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 will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the sale, the chief financial officer now owns 56,678 shares in the company, valued at $43,809,826.88. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,600 shares of company stock worth $4,656,631. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. West Oak Capital LLC boosted its position in shares of Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after buying an additional 545 shares during the period. Graypoint LLC lifted its stake in Monolithic Power Systems by 7.2% in the 4th quarter. Graypoint LLC now owns 432 shares of the semiconductor company’s stock worth $256,000 after acquiring an additional 29 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Monolithic Power Systems by 10.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,509 shares of the semiconductor company’s stock worth $2,076,000 after acquiring an additional 329 shares during the period. Nordea Investment Management AB grew its stake in Monolithic Power Systems by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 4,082 shares of the semiconductor company’s stock valued at $2,465,000 after acquiring an additional 213 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Monolithic Power Systems by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 41 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.