Monolithic Power Systems (NASDAQ:MPWR) Downgraded by Rosenblatt Securities to “Hold”

Rosenblatt Securities cut shares of Monolithic Power Systems (NASDAQ:MPWR) from a strong-buy rating to a hold rating in a report published on Thursday, Zacks.com reports.

Several other equities analysts have also weighed in on MPWR. KeyCorp boosted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. TD Cowen reduced their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC reduced their price target on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Raymond James boosted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $942.40.

Monolithic Power Systems Trading Up 0.0 %

MPWR opened at $759.37 on Thursday. The firm has a market capitalization of $37.02 billion, a PE ratio of 85.61, a PEG ratio of 3.51 and a beta of 1.15. The firm’s 50-day moving average price is $897.06 and its 200 day moving average price is $824.88. Monolithic Power Systems has a twelve month low of $459.69 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, analysts predict that Monolithic Power Systems will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 56.37%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the sale, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Michael Hsing sold 2,790 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the transaction, the chief executive officer now owns 865,332 shares in the company, valued at approximately $673,565,775.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the completion of the transaction, the executive vice president now owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,636 shares of company stock valued at $36,459,953 in the last ninety days. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $25,000. RiverPark Advisors LLC acquired a new stake in Monolithic Power Systems during the 1st quarter worth $27,000. NBC Securities Inc. boosted its stake in 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 purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC boosted its stake in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 34 shares during the period. Finally, Atwood & Palmer Inc. acquired a new stake in Monolithic Power Systems during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.