Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average Rating of “Moderate Buy” by Brokerages

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $1,599.1667.

Several research firms have issued reports on MPWR. Truist Financial set a $1,805.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. TD Cowen upped their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th.

Insider Buying and Selling

In other news, Director Eugen J. Elmiger sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the transaction, the director directly owned 5,402 shares in the company, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total value of $40,548.30. Following the transaction, the executive vice president directly owned 1,149 shares in the company, valued at $1,552,999.89. The trade was a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 69,370 shares of company stock valued at $112,702,503. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Large investors have recently modified their holdings of the stock. AIA Group Ltd bought a new position in shares of Monolithic Power Systems during the third quarter worth approximately $1,459,000. Merit Financial Group LLC lifted its holdings in shares of Monolithic Power Systems by 183.9% during the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after buying an additional 1,786 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $3,983,000. Mirabaud Asset Management Ltd bought a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $4,424,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Monolithic Power Systems by 12.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 8,946 shares of the semiconductor company’s stock valued at $8,222,000 after acquiring an additional 1,008 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,305.65 on Friday. The stock has a 50 day moving average price of $1,491.91 and a 200 day moving average price of $1,286.01. The stock has a market capitalization of $64.15 billion, a PE ratio of 94.13, a price-to-earnings-growth ratio of 2.41 and a beta of 1.71. Monolithic Power Systems has a 52 week low of $702.32 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.04 EPS. As a group, research analysts forecast that Monolithic Power Systems will post 20.23 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.

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.