Monolithic Power Systems (NASDAQ:MPWR) Given New $880.00 Price Target at Rosenblatt Securities

Monolithic Power Systems (NASDAQ:MPWR) had its price objective hoisted by Rosenblatt Securities from $800.00 to $880.00 in a research note issued to investors on Monday morning, Benzinga reports. Rosenblatt Securities currently has a buy rating on the semiconductor company’s stock.

Several other analysts have also commented on MPWR. Needham & Company LLC reaffirmed a buy rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a buy rating in a report on Thursday, May 2nd. KeyCorp lifted their price objective on Monolithic Power Systems from $850.00 to $975.00 and gave the stock an overweight rating in a report on Tuesday, July 9th. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an overweight rating in a report on Thursday, May 2nd. Finally, Oppenheimer lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an outperform rating in a report on Thursday, June 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $822.38.

Monolithic Power Systems Trading Down 9.1 %

Monolithic Power Systems stock opened at $784.95 on Monday. The firm has a market cap of $38.21 billion, a price-to-earnings ratio of 93.56, a PEG ratio of 3.91 and a beta of 1.11. The stock has a fifty day simple moving average of $809.53 and a two-hundred day simple moving average of $725.80. Monolithic Power Systems has a 12 month low of $392.10 and a 12 month high of $891.67.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 EPS. On average, equities research analysts forecast that Monolithic Power Systems will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.64%. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Activity

In other news, CEO Michael Hsing sold 2,824 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.00, for a total value of $1,948,560.00. Following the transaction, the chief executive officer now directly owns 888,408 shares in the company, valued at $613,001,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael Hsing sold 2,824 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.00, for a total value of $1,948,560.00. Following the transaction, the chief executive officer now directly owns 888,408 shares in the company, valued at $613,001,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Saria Tseng sold 869 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.02, for a total value of $599,627.38. Following the completion of the sale, the executive vice president now owns 203,521 shares in the company, valued at $140,433,560.42. The disclosure for this sale can be found here. Insiders have sold 86,209 shares of company stock worth $69,015,793 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its position in shares of Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after buying an additional 12 shares in the last quarter. Baader Bank Aktiengesellschaft increased its stake in Monolithic Power Systems by 0.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after acquiring an additional 14 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Monolithic Power Systems by 23.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 15 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in Monolithic Power Systems by 2.8% during the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after acquiring an additional 15 shares during the last quarter. Finally, American National Bank increased its stake in Monolithic Power Systems by 1.5% during the fourth quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock worth $669,000 after acquiring an additional 16 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.