Monolithic Power Systems’ (MPWR) Outperform Rating Reaffirmed at Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Monolithic Power Systems (NASDAQ:MPWR) in a report issued on Monday,Benzinga reports. They currently have a $900.00 target price on the semiconductor company’s stock.

A number of other brokerages also recently issued reports on MPWR. Loop Capital began coverage on Monolithic Power Systems in a report on Monday. They set a “hold” rating and a $660.00 price target on the stock. Truist Financial reaffirmed a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. TD Cowen dropped their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, KeyCorp lifted 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 research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $916.73.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $576.79 on Monday. The company has a market capitalization of $28.14 billion, a price-to-earnings ratio of 64.88, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15. Monolithic Power Systems has a one year low of $532.86 and a one year high of $959.64. The company’s 50-day moving average is $866.42 and its 200 day moving average is $828.49.

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

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.87%. Monolithic Power Systems’s payout ratio is currently 56.37%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. This represents a 25.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 734 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,359 shares of company stock valued at $36,209,571. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Monolithic Power Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Monolithic Power Systems by 311.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after acquiring an additional 141,277 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Monolithic Power Systems by 1,947.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after purchasing an additional 136,391 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Monolithic Power Systems by 92,842.9% during the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after purchasing an additional 123,481 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Monolithic Power Systems by 14,315.6% in the third quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock worth $94,223,000 after purchasing an additional 101,211 shares during 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.