Monolithic Power Systems (NASDAQ:MPWR) Hits New 52-Week Low - Here's Why

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $438.86 and last traded at $455.19, with a volume of 1587778 shares changing hands. The stock had previously closed at $488.62.

Analysts Set New Price Targets

Several research firms have recently commented on MPWR. Needham & Company LLC raised their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Rosenblatt Securities decreased their price target on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Citigroup lowered their target price on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a report on Friday. Finally, KeyCorp increased their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average target price of $844.50.

Monolithic Power Systems Stock Up 3.1 %

The company has a market cap of $26.32 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.60 and a beta of 1.21. The stock has a 50 day simple moving average of $607.94 and a 200 day simple moving average of $667.06.

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Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS 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. Investors of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.13%. Monolithic Power Systems's dividend payout ratio is 16.97%.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This 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 accessible through the SEC website. Insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several large investors have recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in Monolithic Power Systems during the 3rd quarter valued at $231,000. Barclays PLC lifted its holdings in Monolithic Power Systems by 5.0% in the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock worth $297,799,000 after purchasing an additional 15,350 shares during the period. World Investment Advisors LLC grew its position in Monolithic Power Systems by 14.6% in the 3rd quarter. World Investment Advisors LLC now owns 822 shares of the semiconductor company's stock valued at $760,000 after buying an additional 105 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Monolithic Power Systems during the 3rd quarter worth about $23,233,000. Finally, Tidal Investments LLC lifted its stake in shares of Monolithic Power Systems by 105.7% in the 3rd quarter. Tidal Investments LLC now owns 6,042 shares of the semiconductor company's stock worth $5,586,000 after acquiring an additional 3,105 shares during the period. Institutional investors and hedge funds 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.