Monolithic Power Systems (NASDAQ:MPWR) Shares Gap Down - Time to Sell?

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $544.25, but opened at $518.07. Monolithic Power Systems shares last traded at $528.56, with a volume of 129,911 shares.

Analysts Set New Price Targets

Several analysts have issued reports on MPWR shares. Oppenheimer restated an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Citigroup decreased their price objective on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Stifel Nicolaus decreased their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday. Rosenblatt Securities dropped 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, Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $826.17.

Monolithic Power Systems Price Performance

The firm's 50 day simple moving average is $592.25 and its 200-day simple moving average is $655.45. The company has a market cap of $25.06 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released 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%. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.19%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 31st. Monolithic Power Systems's dividend payout ratio is presently 16.97%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares of the company's stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

Institutional Trading of Monolithic Power Systems

Several hedge funds have recently modified their holdings of MPWR. Norges Bank acquired a new position in Monolithic Power Systems during the fourth quarter worth about $493,807,000. GAMMA Investing LLC raised its stake in Monolithic Power Systems by 76,432.3% in the 1st quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after purchasing an additional 777,316 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock valued at $459,174,000 after buying an additional 328,203 shares during the period. Raymond James Financial Inc. purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $140,795,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after acquiring an additional 214,395 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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.