Brokerages Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) Target Price at $789.42

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $789.42.

MPWR has been the topic of several research analyst reports. Oppenheimer restated an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Stifel Nicolaus reduced their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. KeyCorp reduced their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Finally, Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the company an “equal weight” rating in a research report on Monday, June 16th.

Insider Activity

In other news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the sale, the chief financial officer owned 46,939 shares in the company, valued at $35,204,250. This trade represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director owned 676 shares in the company, valued at approximately $471,848. The trade was a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock worth $13,046,800 over the last quarter. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 1.7% in the first quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company’s stock valued at $3,433,870,000 after purchasing an additional 96,395 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Monolithic Power Systems by 33.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock valued at $1,180,104,000 after purchasing an additional 506,430 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock valued at $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Monolithic Power Systems by 7.5% in the first quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company’s stock valued at $724,589,000 after purchasing an additional 86,853 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Monolithic Power Systems by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company’s stock valued at $583,420,000 after purchasing an additional 5,274 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

MPWR opened at $758.99 on Wednesday. The stock has a market capitalization of $36.34 billion, a P/E ratio of 20.15, a P/E/G ratio of 3.01 and a beta of 1.20. The company’s 50-day simple moving average is $687.11 and its two-hundred day simple moving average is $633.23. Monolithic Power Systems has a 52-week low of $438.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to analysts’ expectations of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.81 EPS. Research analysts forecast that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems’s payout ratio is currently 16.56%.

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.