Raymond James Boosts Monolithic Power Systems (NASDAQ:MPWR) Price Target to $925.00

Monolithic Power Systems (NASDAQ:MPWR) had its price objective lifted by Raymond James from $770.00 to $925.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the semiconductor company’s stock.

Other equities research analysts have also recently issued reports about the company. KeyCorp raised their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an overweight rating in a research report on Friday. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an overweight rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a buy rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an outperform rating in a research note on Thursday, June 13th. Finally, Truist Financial boosted their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a buy rating in a research report on Friday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $882.30.

Monolithic Power Systems Price Performance

Shares of MPWR traded down $25.32 during mid-day trading on Friday, reaching $770.44. 843,364 shares of the company’s stock traded hands, compared to its average volume of 536,494. The stock has a market cap of $37.51 billion, a P/E ratio of 91.05, a P/E/G ratio of 3.92 and a beta of 1.11. The stock’s 50-day moving average is $810.38 and its two-hundred day moving average is $729.24. Monolithic Power Systems has a 12 month low of $392.10 and a 12 month high of $891.67.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 EPS. Research analysts predict that Monolithic Power Systems will post 10.37 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the completion of the sale, the chief financial officer now directly owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the sale, the executive vice president now owns 203,213 shares in the company, valued at $168,987,866.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $852.51, for a total transaction of $2,131,275.00. Following the sale, the chief financial officer now owns 64,906 shares in the company, valued at approximately $55,333,014.06. The disclosure for this sale can be found here. Insiders sold 88,709 shares of company stock valued at $71,147,068 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently made changes to their positions in MPWR. Dynamic Advisor Solutions LLC lifted its holdings in shares of Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 12 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in shares of Monolithic Power Systems by 0.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after acquiring an additional 14 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 23.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 15 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 2.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after acquiring an additional 15 shares during the period. Finally, American National Bank increased its position in shares of Monolithic Power Systems by 1.5% during the 4th quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.