Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the firm, MarketBeat Ratings 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 12 month target price among brokerages that have covered the stock in the last year is $851.58.

MPWR has been the topic of several research analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday. Loop Capital raised their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Citigroup assumed coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price target for the company. KeyCorp lifted their target price on shares of 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, Rosenblatt Securities dropped their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a report on Friday.

Monolithic Power Systems Trading Up 0.6 %

MPWR stock traded up $3.92 during trading on Monday, reaching $631.85. 227,732 shares of the stock were exchanged, compared to its average volume of 684,584. Monolithic Power Systems has a twelve month low of $546.71 and a twelve month high of $959.64. The firm's 50 day moving average is $637.11 and its 200 day moving average is $704.09. The firm has a market cap of $30.24 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Remove Ads

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly 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 return on equity of 20.36% and a net margin of 80.95%. As a group, analysts predict that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed 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. This represents a $6.24 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio is 16.97%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the sale, the executive vice president now directly owns 16,015 shares of the company's stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tradewinds Capital Management LLC lifted its stake in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management bought a new position in Monolithic Power Systems in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in Monolithic Power Systems in the fourth quarter worth $29,000. West Oak Capital LLC increased its stake in Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after buying an additional 545 shares during the period. Finally, 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 worth $35,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

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.