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

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

Several research firms have recently issued reports on MPWR. Truist Financial reiterated a "buy" rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. KeyCorp dropped their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 target price on the stock in a research note on Monday, November 18th. Finally, TD Cowen reduced their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research report on Thursday, October 31st.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the company'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 completion of the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,600 shares of company stock worth $4,656,631 in the last quarter. 3.70% of the stock is owned by company insiders.

Institutional Trading of Monolithic Power Systems

Hedge funds have recently made changes to their positions in the stock. FMR LLC raised its holdings 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 buying an additional 361,416 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Monolithic Power Systems by 311.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company's stock worth $153,319,000 after purchasing an additional 141,277 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company's stock valued at $117,826,000 after buying an additional 136,391 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock valued at $1,230,626,000 after buying an additional 133,838 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Monolithic Power Systems by 92,842.9% during the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company's stock valued at $114,281,000 after acquiring an additional 123,481 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Trading Down 0.6 %

Shares of MPWR traded down $3.91 on Wednesday, reaching $620.96. The company's stock had a trading volume of 345,986 shares, compared to its average volume of 586,697. Monolithic Power Systems has a twelve month low of $546.71 and a twelve month high of $959.64. The stock has a market capitalization of $30.29 billion, a PE ratio of 70.01, a PEG ratio of 2.90 and a beta of 1.03. The firm has a fifty day moving average of $628.15 and a 200-day moving average of $786.45.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, equities analysts anticipate that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 0.81%. Monolithic Power Systems's dividend payout ratio (DPR) 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.