Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $828.67 Average Target Price from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $828.67.

A number of equities analysts have issued reports on MPWR shares. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. KeyCorp cut their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an "equal weight" rating and a $610.00 price target for the company. Oppenheimer reissued an "outperform" rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Finally, Needham & Company LLC reduced their target price on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a research note on Friday, November 22nd.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares of the company's stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,100 shares of company stock valued at $17,153,021 over the last 90 days. Insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its position in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after purchasing an additional 361,416 shares during the last quarter. State Street Corp increased its holdings in Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company's stock worth $1,930,301,000 after buying an additional 42,678 shares during the last quarter. Geode Capital Management LLC raised its position in Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock worth $1,230,626,000 after acquiring an additional 133,838 shares during the period. Van ECK Associates Corp boosted its stake in Monolithic Power Systems by 26.3% in the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company's stock valued at $395,715,000 after acquiring an additional 93,362 shares during the last quarter. Finally, Barclays PLC boosted its stake in Monolithic Power Systems by 5.0% in the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock valued at $297,799,000 after acquiring an additional 15,350 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 0.5 %

MPWR stock traded up $2.99 during midday trading on Friday, hitting $608.44. The stock had a trading volume of 897,035 shares, compared to its average volume of 623,702. The firm has a market cap of $29.68 billion, a P/E ratio of 68.60, a price-to-earnings-growth ratio of 2.97 and a beta of 1.05. The business has a fifty day moving average price of $730.56 and a two-hundred day moving average price of $807.22. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. On average, equities analysts anticipate that Monolithic Power Systems will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.82%. Monolithic Power Systems's dividend payout ratio is presently 56.37%.

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.