Monolithic Power Systems (NASDAQ:MPWR) Stock Rating Upgraded by Loop Capital

Loop Capital upgraded shares of Monolithic Power Systems (NASDAQ:MPWR - Free Report) from a hold rating to a buy rating in a research note released on Monday morning, Marketbeat Ratings reports. Loop Capital currently has $660.00 price target on the semiconductor company's stock.

Several other brokerages also recently issued reports on MPWR. Oppenheimer reissued an "outperform" rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a "buy" rating in a report on Friday, August 2nd. KeyCorp boosted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an "overweight" 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 report on Tuesday, November 12th. Finally, Rosenblatt Securities downgraded shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $882.64.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock traded up $14.46 on Monday, reaching $587.84. 1,199,478 shares of the company were exchanged, compared to its average volume of 596,381. Monolithic Power Systems has a 1-year low of $535.39 and a 1-year high of $959.64. The firm has a market cap of $28.67 billion, a price-to-earnings ratio of 64.67, a P/E/G ratio of 2.73 and a beta of 1.15. The company's 50-day moving average is $856.47 and its two-hundred day moving average is $828.33.

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 the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems's dividend payout ratio is 56.37%.

Insider Activity

In other news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the sale, the chief financial officer now directly owns 55,944 shares in the company, valued at approximately $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 9,259 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the transaction, the executive vice president now owns 20,455 shares of the company's stock, valued at approximately $19,432,250. This represents a 31.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,359 shares of company stock worth $36,209,571 over the last three months. Corporate insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors have recently made changes to their positions in MPWR. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $25,000. NBC Securities Inc. increased its holdings in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC raised its position in shares of Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after buying an additional 34 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in Monolithic Power Systems during the second quarter valued at $33,000. Finally, Crewe Advisors LLC increased its stake in 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 last quarter. 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.