Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given an average rating of “Buy” by the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $153.57.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. KeyCorp cut their price target on Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, October 16th. Finally, Cowen cut their price target on Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 26th.
MPWR opened at $130.67 on Tuesday. Monolithic Power Systems has a fifty-two week low of $101.99 and a fifty-two week high of $152.21. The stock has a market cap of $5.54 billion, a PE ratio of 70.63, a PEG ratio of 1.75 and a beta of 1.44.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, December 28th. Monolithic Power Systems’s dividend payout ratio is 64.86%.
In other news, CEO Michael Hsing sold 35,171 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $134.77, for a total transaction of $4,739,995.67. Following the transaction, the chief executive officer now owns 1,074,394 shares of the company’s stock, valued at approximately $144,796,079.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Deming Xiao sold 3,623 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $129.59, for a total value of $469,504.57. Following the transaction, the insider now directly owns 314,689 shares in the company, valued at approximately $40,780,547.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,465 shares of company stock worth $13,386,067. 4.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MPWR. Advisors Asset Management Inc. increased its holdings in shares of Monolithic Power Systems by 46.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 28,476 shares of the semiconductor company’s stock valued at $3,806,000 after acquiring an additional 8,979 shares during the last quarter. United Services Automobile Association grew its holdings in Monolithic Power Systems by 13.2% in the 2nd quarter. United Services Automobile Association now owns 24,014 shares of the semiconductor company’s stock valued at $3,210,000 after buying an additional 2,800 shares during the last quarter. First Hawaiian Bank acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at approximately $127,000. Aperio Group LLC grew its holdings in Monolithic Power Systems by 6.1% in the 3rd quarter. Aperio Group LLC now owns 25,336 shares of the semiconductor company’s stock valued at $3,180,000 after buying an additional 1,458 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at approximately $684,000. 98.06% of the stock is currently owned by institutional investors and hedge funds.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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