Oppenheimer Raises Monolithic Power Systems (NASDAQ:MPWR) Price Target to $900.00

Monolithic Power Systems (NASDAQ:MPWR) had its price objective hoisted by Oppenheimer from $750.00 to $900.00 in a research note released on Thursday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the semiconductor company’s stock.

A number of other research firms have also weighed in on MPWR. KeyCorp upped their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an overweight rating in a report on Monday, April 8th. Wells Fargo & Company raised their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the company an overweight rating in a report on Thursday, May 2nd. Truist Financial upped their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a buy rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC restated a buy rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $766.00.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $806.57 on Thursday. Monolithic Power Systems has a one year low of $392.10 and a one year high of $822.48. The company has a market cap of $39.26 billion, a PE ratio of 96.13, a P/E/G ratio of 4.22 and a beta of 1.13. The stock has a 50-day moving average of $711.08 and a 200-day moving average of $671.14.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The firm had revenue of $457.89 million during the quarter, compared to the consensus estimate of $447.76 million. Analysts expect that Monolithic Power Systems will post 10.03 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Activity

In related news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the completion of the sale, the chief executive officer now owns 880,408 shares of the company’s stock, valued at $643,648,680.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $731.08, for a total value of $5,848,640.00. Following the sale, the chief executive officer now owns 880,408 shares of the company’s stock, valued at approximately $643,648,680.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,416 shares of Monolithic Power Systems stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $731.43, for a total value of $1,767,134.88. Following the sale, the chief financial officer now owns 72,486 shares of the company’s stock, valued at approximately $53,018,434.98. The disclosure for this sale can be found here. Insiders sold 46,046 shares of company stock worth $31,842,373 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Baader Bank Aktiengesellschaft increased its stake in Monolithic Power Systems by 0.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock valued at $1,153,000 after acquiring an additional 14 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Monolithic Power Systems by 23.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 15 shares during the last quarter. American National Bank raised its holdings in shares of Monolithic Power Systems by 1.5% during the 4th quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 16 shares in the last quarter. HB Wealth Management LLC lifted its position in Monolithic Power Systems by 2.0% in the 1st quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock worth $541,000 after buying an additional 16 shares during the last quarter. Finally, Arlington Capital Management Inc. boosted its stake in Monolithic Power Systems by 1.4% in the first quarter. Arlington Capital Management Inc. now owns 1,301 shares of the semiconductor company’s stock worth $881,000 after buying an additional 18 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.