KeyCorp Has Lowered Expectations for Monolithic Power Systems (NASDAQ:MPWR) Stock Price

Monolithic Power Systems (NASDAQ:MPWR - Free Report) had its price objective reduced by KeyCorp from $1,075.00 to $700.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the semiconductor company's stock.

A number of other equities research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. 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 research report on Monday. Raymond James boosted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. Needham & Company LLC reissued a "buy" rating and issued a $950.00 price target on shares of Monolithic Power Systems in a research report on Tuesday, November 12th. Finally, Truist Financial reissued a "buy" rating and issued a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $882.64.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded up $14.46 during trading on Monday, hitting $587.84. 1,203,045 shares of the stock were exchanged, compared to its average volume of 596,397. The stock has a market cap of $28.67 billion, a price-to-earnings ratio of 64.67, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15. The firm's 50-day moving average price is $856.47 and its 200 day moving average price is $828.33. Monolithic Power Systems has a 12-month low of $535.39 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released 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%. As a group, research analysts forecast 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. 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 0.85%. Monolithic Power Systems's dividend payout ratio (DPR) is 56.37%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the transaction, the chief financial officer now directly owns 59,178 shares in the company, valued at approximately $53,754,928.08. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $662,611.24. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 39,359 shares of company stock worth $36,209,571. 3.70% of the stock is owned by company insiders.

Institutional Trading of Monolithic Power Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Advisor Solutions LLC lifted its holdings in shares of Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company's stock valued at $268,000 after purchasing an additional 12 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company's stock valued at $731,000 after purchasing an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock valued at $461,000 after purchasing an additional 12 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Monolithic Power Systems by 1.5% in the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company's stock valued at $905,000 after purchasing an additional 14 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 4.8% in the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company's stock valued at $285,000 after purchasing an additional 14 shares in the last quarter. Hedge funds and other institutional investors 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.