Brokerages Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) PT at $882.64

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $882.64.

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Loop Capital raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price target for the company in a report on Monday. Truist Financial reissued a "buy" rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. TD Cowen cut their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now owns 61,678 shares of the company's stock, valued at $55,769,247.60. This trade represents a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,359 shares of company stock worth $36,209,571 over the last 90 days. Insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds have recently modified their holdings of the business. Family Firm Inc. acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at approximately $25,000. NBC Securities Inc. grew its stake in Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems in the third quarter valued at approximately $36,000. Finally, Atwood & Palmer Inc. bought a new position in Monolithic Power Systems in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock traded down $1.97 on Tuesday, hitting $585.87. The stock had a trading volume of 947,558 shares, compared to its average volume of 597,967. Monolithic Power Systems has a 52-week low of $535.39 and a 52-week high of $959.64. The firm has a market capitalization of $28.58 billion, a price-to-earnings ratio of 66.27, a P/E/G ratio of 2.73 and a beta of 1.15. The stock's 50 day moving average is $856.47 and its 200-day moving average is $828.33.

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

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems's dividend payout ratio is 56.37%.

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.