Monolithic Power Systems (NASDAQ:MPWR) Price Target Cut to $665.00 by Analysts at Wells Fargo & Company

Monolithic Power Systems (NASDAQ:MPWR) had its price objective trimmed by Wells Fargo & Company from $710.00 to $665.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the semiconductor company’s stock.

A number of other equities research analysts also recently issued reports on MPWR. Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target for the company. Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. KeyCorp increased their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Oppenheimer cut their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Needham & Company LLC raised their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Stock Down 3.0 %

MPWR opened at $590.98 on Friday. The stock has a market capitalization of $28.29 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.60 and a beta of 1.03. The firm has a 50 day moving average price of $636.30 and a 200-day moving average price of $705.59. Monolithic Power Systems has a twelve month low of $546.71 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. As a group, analysts expect that Monolithic Power Systems will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Monolithic Power Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DSG Capital Advisors LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $2,280,000. Wealth Enhancement Advisory Services LLC grew its holdings in Monolithic Power Systems by 3.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,281 shares of the semiconductor company’s stock valued at $1,942,000 after buying an additional 101 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Monolithic Power Systems in the 4th quarter worth approximately $20,930,000. Virtue Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 6.3% in the fourth quarter. Virtue Capital Management LLC now owns 576 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 34 shares in the last quarter. Finally, Armis Advisers LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at $240,000. 93.46% of the stock is currently owned by 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.