Monolithic Power Systems (NASDAQ:MPWR) Price Target Raised to $1,375.00 at Truist Financial

Monolithic Power Systems (NASDAQ:MPWR) had its price target hoisted by Truist Financial from $1,163.00 to $1,375.00 in a research note released on Friday, MarketBeat.com reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other analysts have also commented on the stock. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Wolfe Research set a $1,200.00 price objective on shares of Monolithic Power Systems and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, Citigroup increased their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems Stock Up 0.8%

MPWR opened at $937.11 on Friday. The firm has a market cap of $44.90 billion, a PE ratio of 23.93, a P/E/G ratio of 3.14 and a beta of 1.47. The business has a fifty day simple moving average of $968.42 and a 200-day simple moving average of $858.03. Monolithic Power Systems has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same period in the previous year, the firm earned $4.06 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $1.56 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is presently 15.93%.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction on Monday, December 1st. The stock was sold at an average price of $908.21, for a total transaction of $2,724,630.00. Following the completion of the sale, the chief financial officer owned 71,332 shares of the company’s stock, valued at approximately $64,784,435.72. This trade represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total value of $89,697.00. Following the completion of the transaction, the director owned 426 shares in the company, valued at $382,109.22. This trade represents a 19.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 86,516 shares of company stock worth $80,331,635. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors have recently made changes to their positions in the company. True Wealth Design LLC raised its position in Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 11 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Monolithic Power Systems during the 1st quarter worth $27,000. NewSquare Capital LLC raised its holdings in shares of Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 19 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at $33,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.