Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $761.30, but opened at $629.30. Monolithic Power Systems shares last traded at $576.27, with a volume of 1,015,909 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have commented on MPWR shares. Deutsche Bank Aktiengesellschaft increased 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 note on Friday, August 2nd. Needham & Company LLC dropped their price target on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Truist Financial restated a "buy" rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. KeyCorp upped their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Finally, Raymond James upped their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $916.73.
Read Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Stock Down 15.0 %
The stock has a market cap of $31.58 billion, a P/E ratio of 72.98, a price-to-earnings-growth ratio of 3.62 and a beta of 1.15. The firm's 50 day simple moving average is $881.04 and its two-hundred day simple moving average is $830.41.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). The company had revenue of $620.12 million during 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, equities analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.
Monolithic Power Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.77%. Monolithic Power Systems's payout ratio is currently 56.37%.
Insider Buying and Selling
In related news, 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 value of $8,796,050.00. Following the sale, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the transaction, the chief financial officer now directly owns 56,678 shares of the company's stock, valued at approximately $43,809,826.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 9,259 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,759 shares of company stock valued at $34,985,340 over the last 90 days. 3.70% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP increased its stake in Monolithic Power Systems by 96.2% during the first quarter. GSA Capital Partners LLP now owns 732 shares of the semiconductor company's stock worth $496,000 after acquiring an additional 359 shares during the last quarter. Duality Advisers LP purchased a new stake in Monolithic Power Systems during the first quarter valued at about $263,000. Susquehanna Fundamental Investments LLC purchased a new position in Monolithic Power Systems in the 1st quarter valued at about $949,000. Concurrent Investment Advisors LLC lifted its stake in Monolithic Power Systems by 11.0% during the first quarter. Concurrent Investment Advisors LLC now owns 363 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 36 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Monolithic Power Systems by 0.9% in the first quarter. Meeder Asset Management Inc. now owns 2,689 shares of the semiconductor company's stock valued at $1,822,000 after purchasing an additional 25 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
About Monolithic Power Systems
(
Get Free Report)
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.
Further Reading
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