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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $716.90.

MPWR has been the topic of a number of research analyst reports. Truist Financial upped their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday. Oppenheimer upped their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. TD Cowen upped their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Company upped their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the sale, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the sale, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the sale, the director now owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,577 shares of company stock worth $24,033,249. 3.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Counselors Inc. lifted its stake in shares of Monolithic Power Systems by 1.1% in the 1st quarter. Financial Counselors Inc. now owns 8,761 shares of the semiconductor company’s stock valued at $5,935,000 after purchasing an additional 94 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Monolithic Power Systems by 36.0% in the 1st quarter. Jennison Associates LLC now owns 707 shares of the semiconductor company’s stock valued at $479,000 after acquiring an additional 187 shares during the period. FORA Capital LLC increased its holdings in shares of Monolithic Power Systems by 746.8% in the 1st quarter. FORA Capital LLC now owns 9,543 shares of the semiconductor company’s stock valued at $6,465,000 after acquiring an additional 8,416 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Monolithic Power Systems by 9.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,628 shares of the semiconductor company’s stock valued at $3,813,000 after acquiring an additional 504 shares during the period. Finally, Nordea Investment Management AB grew its stake in Monolithic Power Systems by 25.8% during the 1st quarter. Nordea Investment Management AB now owns 3,759 shares of the semiconductor company’s stock worth $2,566,000 after buying an additional 771 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Trading Up 9.2 %

Monolithic Power Systems stock opened at $712.89 on Friday. The business’s fifty day simple moving average is $679.13 and its two-hundred day simple moving average is $613.79. Monolithic Power Systems has a 12 month low of $383.19 and a 12 month high of $778.15. The company has a market capitalization of $34.70 billion, a price-to-earnings ratio of 81.38, a price-to-earnings-growth ratio of 3.58 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The company had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. On average, equities research analysts predict that Monolithic Power Systems will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio is 57.08%.

Monolithic Power Systems Company Profile

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.