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 report report published on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Rosenblatt Securities restated a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a report on Friday, July 31st. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Monday, October 5th. Thirteen analysts have rated the stock with a Buy rating and three have given 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 target price of $1,735.50.

Monolithic Power Systems Trading Up 3.5%

MPWR opened at $1,253.66 on Friday. The firm has a market cap of $61.60 billion, a price-to-earnings ratio of 72.51 and a beta of 1.68. Monolithic Power Systems has a 12 month low of $833.18 and a 12 month high of $1,714.09. The stock has a fifty day moving average price of $1,301.39 and a 200-day moving average price of $1,395.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. During the same period in the prior year, the business posted $4.21 EPS. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. On average, equities research analysts forecast that Monolithic Power Systems will post 23.95 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Monolithic Power Systems’s payout ratio is currently 49.05%.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the firm’s stock in a transaction 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 transaction, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 130 shares of company stock worth $175,397 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently made changes to their positions in the stock. Royal Fund Management LLC lifted its position in shares of Monolithic Power Systems by 2.7% during the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after buying an additional 7 shares during the period. Eastern Bank boosted its stake in Monolithic Power Systems by 8.0% in the 3rd quarter. Eastern Bank now owns 108 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 8 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in Monolithic Power Systems by 4.5% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company’s stock valued at $250,000 after buying an additional 8 shares in the last quarter. Bell Investment Advisors Inc grew its position in Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 9 shares during the period. Finally, Worthington Financial Partners LLC grew its position in Monolithic Power Systems by 0.6% in the third quarter. Worthington Financial Partners LLC now owns 1,622 shares of the semiconductor company’s stock valued at $2,185,000 after acquiring an additional 9 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.