Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have received an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $1,218.4167.

MPWR has been the subject of a number of analyst reports. Rosenblatt Securities upped their price objective on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Saria Tseng sold 25,674 shares of Monolithic Power Systems stock in a transaction on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the transaction, the executive vice president owned 174,982 shares in the company, valued at approximately $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 22,875 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president directly owned 178,625 shares in the company, valued at $209,198,455. The trade was a 11.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 119,654 shares of company stock valued at $135,900,873 in the last ninety days. Company insiders own 3.40% of the company’s stock.

Institutional Trading of Monolithic Power Systems

A number of hedge funds have recently made changes to their positions in MPWR. Corient Private Wealth LLC grew its position in Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares in the last quarter. Norges Bank purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $658,656,000. Invesco Ltd. lifted its position in Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after buying an additional 295,556 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Monolithic Power Systems by 77,483.1% during the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after buying an additional 261,893 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Monolithic Power Systems by 56.6% during the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after buying an additional 253,653 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Down 0.1%

Shares of Monolithic Power Systems stock opened at $1,118.49 on Friday. Monolithic Power Systems has a 12-month low of $438.86 and a 12-month high of $1,256.22. The firm has a market capitalization of $54.94 billion, a PE ratio of 87.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.48. The stock’s fifty day moving average is $1,122.31 and its 200-day moving average is $1,015.33.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the company posted $4.09 EPS. Analysts expect that Monolithic Power Systems will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is 62.79%.

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.