Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $882.64 Average Price Target from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $882.64.

Several brokerages have weighed in on MPWR. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $950.00 price target on shares of Monolithic Power Systems in a research note on Tuesday, November 12th. KeyCorp lowered their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday. Truist Financial reiterated a “buy” rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Finally, Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a report on Monday.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the transaction, the chief financial officer now owns 59,178 shares of the company’s stock, valued at $53,754,928.08. This represents a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares in the company, valued at approximately $19,432,250. The trade was a 31.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,359 shares of company stock worth $26,709,571. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several large investors have recently added to or reduced their stakes in MPWR. Family Firm Inc. bought a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $25,000. NBC Securities Inc. grew its position in shares of Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares during the period. Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems in the second quarter valued at about $33,000. Finally, Crewe Advisors LLC lifted its stake in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $566.04 on Tuesday. The company has a market cap of $27.61 billion, a price-to-earnings ratio of 63.14, a PEG ratio of 2.79 and a beta of 1.15. Monolithic Power Systems has a 1 year low of $538.00 and a 1 year high of $959.64. The firm has a fifty day moving average price of $839.56 and a 200-day moving average price of $824.73.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Equities research analysts expect that Monolithic Power Systems will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.88%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

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.