Monolithic Power Systems (NASDAQ:MPWR) Hits New 12-Month Low - Here's Why

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $509.11 and last traded at $512.28, with a volume of 533613 shares trading hands. The stock had previously closed at $590.65.

Wall Street Analyst Weigh In

Several research firms have commented on MPWR. Wells Fargo & Company lowered their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. KeyCorp lifted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Rosenblatt Securities lowered their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Finally, Oppenheimer reissued an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus target price of $851.58.

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Monolithic Power Systems Stock Down 6.8 %

The firm has a market cap of $21.79 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The business has a 50 day simple moving average of $616.29 and a two-hundred day simple moving average of $677.70.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly 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 return on equity of 20.36% and a net margin of 80.95%. Equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. 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 dividend on an annualized basis and a dividend yield of 1.37%. Monolithic Power Systems's payout ratio is presently 16.97%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the 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 transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently modified their holdings of MPWR. Avantax Advisory Services Inc. boosted its position in Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after acquiring an additional 14 shares in the last quarter. Allworth Financial LP boosted its position in Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after purchasing an additional 16 shares in the last quarter. WP Advisors LLC grew its stake in Monolithic Power Systems by 3.2% in the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock valued at $309,000 after purchasing an additional 16 shares during the last quarter. Keybank National Association OH raised its holdings in Monolithic Power Systems by 1.2% in the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock worth $1,079,000 after purchasing an additional 22 shares in the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Monolithic Power Systems by 5.0% during the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock valued at $273,000 after buying an additional 22 shares during the last quarter. 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.