Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $1,599.1667.

Several equities research analysts have recently issued reports on MPWR shares. Raymond James Financial restated an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. This trade represents a 12.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeff Zhou sold 486 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the sale, the director owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. The trade was a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,073 shares of company stock worth $160,875,958 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after buying an additional 134,087 shares in the last quarter. First Trust Advisors LP grew its stake in Monolithic Power Systems by 66.4% in the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after buying an additional 178,622 shares in the last quarter. AIA Group Ltd purchased a new position in Monolithic Power Systems in the 3rd quarter valued at approximately $1,459,000. Merit Financial Group LLC grew its stake in Monolithic Power Systems by 183.9% in the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after buying an additional 1,786 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after buying an additional 6,503 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,498.77 on Wednesday. The firm has a market cap of $73.63 billion, a price-to-earnings ratio of 108.06, a price-to-earnings-growth ratio of 2.96 and a beta of 1.69. Monolithic Power Systems has a 52 week low of $671.18 and a 52 week high of $1,714.09. The firm has a 50-day moving average price of $1,528.55 and a two-hundred day moving average price of $1,219.57.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same quarter last year, the business posted $4.04 EPS. Monolithic Power Systems’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Monolithic Power Systems will post 20.13 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 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.