Monolithic Power Systems (NASDAQ:MPWR) Now Covered by Citigroup

Citigroup assumed coverage on shares of Monolithic Power Systems (NASDAQ:MPWR - Free Report) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $700.00 price objective on the semiconductor company's stock.

A number of other research firms have also recently commented on MPWR. TD Cowen cut 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 note on Thursday, October 31st. Truist Financial restated a "buy" rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a report on Friday, September 27th. Finally, Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus target price of $828.67.

Monolithic Power Systems Trading Up 4.8 %

Shares of MPWR stock traded up $28.50 during trading hours on Wednesday, reaching $623.82. The stock had a trading volume of 948,095 shares, compared to its average volume of 621,561. The stock's fifty day simple moving average is $749.35 and its 200 day simple moving average is $810.61. The firm has a market capitalization of $30.43 billion, a PE ratio of 67.12, a PEG ratio of 2.81 and a beta of 1.05. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 21.29% and a return on equity of 20.44%. As a group, equities research analysts anticipate that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.80%. Monolithic Power Systems's dividend payout ratio is 56.37%.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 866 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were 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 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,600 shares of company stock worth $15,653,021 in the last ninety days. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds have recently modified their holdings of MPWR. Family Firm Inc. purchased a new position in Monolithic Power Systems in the 2nd quarter valued at approximately $25,000. NBC Securities Inc. boosted its stake in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after buying an additional 26 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of Monolithic Power Systems by 3,400.0% in the 3rd 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 during the last quarter. Crewe Advisors LLC lifted its stake in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 24 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

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.