Monolithic Power Systems (NASDAQ:MPWR) Sets New 12-Month High – Here’s What Happened

Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $1,479.23 and last traded at $1,463.8160, with a volume of 635499 shares changing hands. The stock had previously closed at $1,468.35.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MPWR shares. Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Citigroup increased their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Finally, Stifel Nicolaus increased their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,235.08.

Monolithic Power Systems Trading Up 2.5%

The company has a market capitalization of $75.05 billion, a PE ratio of 119.93, a PEG ratio of 3.77 and a beta of 1.48. The firm has a fifty day moving average of $1,173.59 and a two-hundred day moving average of $1,057.48.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. The company had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.09 EPS. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 17.01 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $2.00 per share. The ex-dividend date was Tuesday, March 31st. This represents a $8.00 annualized dividend and a yield of 0.5%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 62.79%.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 8,963 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $1,305.22, for a total transaction of $11,698,686.86. Following the completion of the sale, the executive vice president directly owned 156,983 shares in the company, valued at $204,897,351.26. This represents a 5.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Theodore Blegen sold 21,725 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the sale, the chief financial officer owned 82,353 shares of the company’s stock, valued at $96,448,539.48. This represents a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 137,683 shares of company stock valued at $158,138,447. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd lifted its holdings in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the period. Bell Investment Advisors Inc lifted its holdings in Monolithic Power Systems by 23.7% in the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock worth $51,000 after buying an additional 9 shares during the period. Resonant Capital Advisors LLC lifted its holdings in Monolithic Power Systems by 4.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after buying an additional 10 shares during the period. CENTRAL TRUST Co lifted its holdings in Monolithic Power Systems by 1.4% in the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after buying an additional 10 shares during the period. Finally, True Wealth Design LLC lifted its holdings in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

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.