Analysts Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) PT at $866.17

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $866.17.

Several research firms have recently weighed in on MPWR. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Oppenheimer reduced their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $578.92 on Thursday. Monolithic Power Systems has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a market cap of $28.24 billion, a P/E ratio of 15.74, a P/E/G ratio of 2.60 and a beta of 1.03. The stock has a 50-day simple moving average of $640.95 and a 200-day simple moving average of $739.24.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. On average, equities research analysts predict that Monolithic Power Systems will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 1.08%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in shares of Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after buying an additional 1,082 shares during the period. EULAV Asset Management raised its stake in shares of Monolithic Power Systems by 8.6% in the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock valued at $100,099,000 after acquiring an additional 8,600 shares during the period. Paragon Advisors LLC boosted its position in Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after purchasing an additional 2,997 shares during the period. Empowered Funds LLC lifted its stake in shares of Monolithic Power Systems by 29.0% during the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after purchasing an additional 909 shares in the last quarter. Finally, Perpetual Ltd grew its stake in shares of Monolithic Power Systems by 1,042.4% in the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock valued at $1,737,000 after buying an additional 2,679 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

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.