Monolithic Power Systems (NASDAQ:MPWR) Hits New 1-Year High – Should You Buy?

Monolithic Power Systems, Inc. (NASDAQ:MPWR) reached a new 52-week high on Tuesday . The stock traded as high as $1,198.00 and last traded at $1,183.7440, with a volume of 2604 shares trading hands. The stock had previously closed at $1,173.22.

Analyst Ratings Changes

MPWR has been the subject of several research reports. Citigroup increased their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. KeyCorp increased their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Oppenheimer restated an “outperform” rating and set a $1,300.00 price objective on shares of Monolithic Power Systems in a research report on Thursday. Finally, Rosenblatt Securities lifted their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,135.42.

Monolithic Power Systems Trading Up 0.2%

The firm has a market cap of $56.34 billion, a P/E ratio of 29.88, a P/E/G ratio of 3.16 and a beta of 1.45. The business has a 50-day moving average price of $984.40 and a 200-day moving average price of $923.06.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $1.56 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.5%. Monolithic Power Systems’s payout ratio is 15.93%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 27,966 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the completion of the sale, the executive vice president directly owned 148,306 shares in the company, valued at $130,755,467.96. This represents a 15.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total transaction of $951,720.00. Following the completion of the transaction, the director owned 28,567 shares of the company’s stock, valued at $27,187,785.24. This represents a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 66,976 shares of company stock worth $60,297,127. Insiders own 3.40% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. True Wealth Design LLC raised its stake in Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 27 shares during the last quarter. NewSquare Capital LLC increased its holdings in shares of Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Monolithic Power Systems in the 3rd quarter valued at approximately $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Monolithic Power Systems in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.