Monolithic Power Systems (NASDAQ:MPWR) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Monolithic Power Systems (NASDAQ:MPWR) from a buy rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. KeyCorp raised their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Truist Financial upped their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,277.68 on Friday. The company’s fifty day moving average price is $1,300.27 and its 200-day moving average price is $1,355.20. The firm has a market capitalization of $62.79 billion, a price-to-earnings ratio of 78.34 and a beta of 1.66. Monolithic Power Systems has a one year low of $833.18 and a one year high of $1,714.09.

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

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $2.00 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 49.05%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on 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 $1,503,868.86. The trade was a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on 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 completion of the sale, the director owned 515 shares of the company’s stock, valued at $660,008.55. The trade was a 8.85% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 160 shares of company stock valued at $215,945. 3.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPWR. Anchor Investment Management LLC grew its holdings in Monolithic Power Systems by 160.0% in the 2nd quarter. Anchor Investment Management LLC now owns 65 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 40 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Monolithic Power Systems by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 49,887 shares of the semiconductor company’s stock valued at $68,962,000 after acquiring an additional 233 shares during the last quarter. IPG Investment Advisors LLC bought a new position in shares of Monolithic Power Systems during the second quarter valued at about $1,655,000. Whetstone Capital Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $823,000. Finally, SVB Wealth LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $205,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (NASDAQ:MPWR) designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.

The company’s portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.