Monolithic Power Systems (NASDAQ:MPWR) Upgraded at Loop Capital

Loop Capital upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a hold rating to a buy rating in a research report released on Monday morning, Marketbeat.com reports. The brokerage currently has $660.00 price target on the semiconductor company’s stock.

Several other brokerages have also recently issued reports on MPWR. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer restated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. KeyCorp upped their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $950.00 target price on shares of Monolithic Power Systems in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $882.64.

Monolithic Power Systems Trading Up 2.5 %

Shares of NASDAQ:MPWR opened at $587.84 on Monday. Monolithic Power Systems has a 52 week low of $535.39 and a 52 week high of $959.64. The company’s 50 day moving average is $856.47 and its two-hundred day moving average is $828.33. The company has a market cap of $28.67 billion, a PE ratio of 66.27, a P/E/G ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. As a group, equities research analysts expect that Monolithic Power Systems will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares in the company, valued at approximately $42,805,551.60. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. This trade represents a 25.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,359 shares of company stock worth $36,209,571. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems in the second quarter worth approximately $25,000. NBC Securities Inc. raised its stake in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the period. Atwood & Palmer Inc. purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC increased its stake in shares of Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other 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.