Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Consensus Rating of “Moderate Buy” by Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $1,731.4167.

Several research firms recently commented on MPWR. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. Weiss Ratings downgraded shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 160 shares of company stock valued at $215,945 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter worth $35,000. Danske Bank A S purchased a new stake in Monolithic Power Systems in the second quarter worth about $36,000. Continuum Advisory LLC purchased a new stake in Monolithic Power Systems in the second quarter worth about $43,000. IFP Advisors Inc raised its stake in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Finally, NBH Bank bought a new position in shares of Monolithic Power Systems in the second quarter worth about $54,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,223.86 on Monday. Monolithic Power Systems has a twelve month low of $830.00 and a twelve month high of $1,714.09. The firm has a market cap of $60.14 billion, a P/E ratio of 75.04 and a beta of 1.66. The company has a 50 day moving average of $1,328.13 and a 200 day moving average of $1,353.45.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company’s revenue was up 47.6% compared to the same quarter last year. During the same period last year, the business posted $4.21 EPS. As a group, equities analysts expect that Monolithic Power Systems will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is presently 49.05%.

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.