Monolithic Power Systems (NASDAQ:MPWR) Stock Rating Upgraded by TD Cowen

TD Cowen upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) to a strong-buy rating in a report issued on Monday, Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Truist Financial increased their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a buy rating in a research report on Friday, August 2nd. Rosenblatt Securities increased their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a buy rating in a report on Monday, July 29th. Needham & Company LLC boosted their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a buy rating in a report on Monday, August 5th. Raymond James upped their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an outperform rating in a research report on Friday, August 2nd. Finally, KeyCorp increased their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an overweight rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of Buy and an average target price of $912.30.

Monolithic Power Systems Stock Up 5.9 %

Shares of MPWR opened at $911.12 on Monday. The firm has a market cap of $44.35 billion, a price-to-earnings ratio of 108.60, a PEG ratio of 4.14 and a beta of 1.12. The business’s 50 day moving average is $861.34 and its two-hundred day moving average is $775.18. Monolithic Power Systems has a 52-week low of $392.10 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. During the same period in the prior year, the company posted $2.05 earnings per share. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities analysts expect that Monolithic Power Systems will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the sale, the director now directly owns 29,232 shares in the company, valued at $23,983,686.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,299 shares of company stock worth $83,140,933. Insiders own 3.20% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC increased its stake in shares of Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock valued at $268,000 after acquiring an additional 12 shares during the period. Evergreen Capital Management LLC raised its stake in shares of Monolithic Power Systems by 1.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after buying an additional 12 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 15 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 2.8% in the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after buying an additional 15 shares during the period. Finally, HB Wealth Management LLC boosted its stake in Monolithic Power Systems by 2.0% during the first quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock valued at $541,000 after buying an additional 16 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

About Monolithic Power Systems

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.