Brokerages Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) Price Target at $851.58

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $851.58.

Several brokerages recently commented on MPWR. Loop Capital increased their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Oppenheimer reiterated an “outperform” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. KeyCorp upped their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC lifted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th.

Monolithic Power Systems Trading Down 3.6 %

NASDAQ MPWR opened at $579.89 on Monday. The firm’s fifty day simple moving average is $637.11 and its two-hundred day simple moving average is $699.67. The firm has a market capitalization of $27.76 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. As a group, sell-side analysts predict that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

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

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Institutional investors have recently modified their holdings of the business. Tradewinds Capital Management LLC boosted its position in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. grew its stake in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 51 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth $39,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Company Profile

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.