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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received a consensus rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $959.90.

MPWR has been the subject of several research analyst reports. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. KeyCorp lifted their price objective 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. Rosenblatt Securities increased their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus increased their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th.

Monolithic Power Systems Price Performance

MPWR opened at $935.61 on Monday. The firm has a market capitalization of $45.54 billion, a P/E ratio of 111.51, a price-to-earnings-growth ratio of 4.13 and a beta of 1.11. Monolithic Power Systems has a one year low of $392.10 and a one year high of $959.64. The company has a fifty day moving average price of $879.02 and a 200-day moving average price of $792.11.

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

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the completion of the sale, the executive vice president now owns 202,354 shares of the company’s stock, valued at $157,510,330.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Michael Hsing sold 9,614 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $7,994,810.12. Following the transaction, the chief executive officer now owns 868,122 shares in the company, valued at $721,912,892.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the sale, the executive vice president now owns 202,354 shares in the company, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,535 shares of company stock worth $41,171,238. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in MPWR. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Monolithic Power Systems by 19.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after purchasing an additional 9,125 shares in the last quarter. Cim LLC bought a new position in Monolithic Power Systems in the fourth quarter worth about $2,197,000. Cetera Investment Advisers lifted its holdings in Monolithic Power Systems by 237.3% in the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after buying an additional 4,760 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Monolithic Power Systems by 4.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after acquiring an additional 5,335 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Monolithic Power Systems by 199.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock worth $2,772,000 after acquiring an additional 2,925 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.