Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $851.58 Consensus PT from Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $851.58.

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. KeyCorp lifted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Rosenblatt Securities reduced their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Finally, Oppenheimer reissued an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in Monolithic Power Systems by 9.1% in the third quarter. LPL Financial LLC now owns 98,510 shares of the semiconductor company’s stock valued at $91,073,000 after purchasing an additional 8,238 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Monolithic Power Systems by 8.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,533 shares of the semiconductor company’s stock valued at $7,889,000 after purchasing an additional 663 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Monolithic Power Systems by 10.5% during the 3rd quarter. Raymond James Trust N.A. now owns 1,792 shares of the semiconductor company’s stock valued at $1,657,000 after buying an additional 171 shares during the period. Cerity Partners LLC raised its position in shares of Monolithic Power Systems by 47.9% in the 3rd quarter. Cerity Partners LLC now owns 4,551 shares of the semiconductor company’s stock worth $4,207,000 after buying an additional 1,474 shares during the period. Finally, Swedbank AB boosted its holdings in Monolithic Power Systems by 49.4% in the third quarter. Swedbank AB now owns 10,400 shares of the semiconductor company’s stock valued at $9,615,000 after acquiring an additional 3,439 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Down 5.1 %

Shares of MPWR stock opened at $600.47 on Monday. Monolithic Power Systems has a twelve month low of $546.71 and a twelve month high of $959.64. The stock has a market cap of $28.74 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.60 and a beta of 1.03. The company’s 50-day moving average price is $637.94 and its 200-day moving average price is $702.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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, equities research analysts predict that Monolithic Power Systems will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

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.