Needham & Company LLC reissued their buy rating on shares of Monolithic Power Systems (NASDAQ:MPWR - Free Report) in a research report report published on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $950.00 target price on the semiconductor company's stock.
Other research analysts have also issued reports about the company. TD Cowen cut their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Raymond James upped their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. KeyCorp upped their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their target price 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. Finally, Rosenblatt Securities lowered Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $916.73.
Check Out Our Latest Stock Analysis on Monolithic Power Systems
Monolithic Power Systems Trading Down 0.5 %
NASDAQ MPWR traded down $3.21 during trading hours on Tuesday, hitting $644.10. 2,649,144 shares of the company's stock traded hands, compared to its average volume of 577,497. The firm has a market capitalization of $31.42 billion, a P/E ratio of 72.98, a P/E/G ratio of 3.62 and a beta of 1.15. Monolithic Power Systems has a 52 week low of $500.54 and a 52 week high of $959.64. The business's fifty day moving average price is $881.04 and its two-hundred day moving average price is $830.41.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million for 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%. On average, sell-side analysts expect that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.78%. Monolithic Power Systems's dividend payout ratio is currently 56.37%.
Insider Transactions at Monolithic Power Systems
In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the transaction, the executive vice president now directly owns 103,829 shares of the company's stock, valued at $96,518,400.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deming Xiao sold 10,000 shares of the company's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares of the company's stock, valued at $28,228,300. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,759 shares of company stock valued at $34,985,340 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Monolithic Power Systems
Several hedge funds and other institutional investors have recently modified their holdings of MPWR. The Manufacturers Life Insurance Company lifted its stake in Monolithic Power Systems by 311.8% during the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company's stock valued at $153,319,000 after buying an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Monolithic Power Systems by 1,947.1% in 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 acquiring an additional 136,391 shares during the last quarter. International Assets Investment Management LLC raised its position in Monolithic Power Systems by 92,842.9% in the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company's stock worth $114,281,000 after purchasing an additional 123,481 shares during the period. Jennison Associates LLC grew its stake in shares of Monolithic Power Systems by 14,315.6% in the third quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company's stock worth $94,223,000 after acquiring an additional 101,211 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Monolithic Power Systems by 26.3% during the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company's stock valued at $395,715,000 after purchasing an additional 93,362 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.
About Monolithic Power Systems
(
Get Free Report)
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.
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