Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average Recommendation of “Buy” by Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has earned an average rating of “Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $912.30.

MPWR has been the subject of several recent research reports. Oppenheimer increased 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. KeyCorp raised their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. TD Cowen boosted their price target on Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $566,667.92. Following the transaction, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the transaction, the chief financial officer now owns 64,178 shares of the company’s stock, valued at approximately $49,955,513.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Saria Tseng sold 37,093 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the sale, the executive vice president now directly owns 166,428 shares in the company, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,299 shares of company stock worth $83,140,933. 3.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Family Firm Inc. bought a new stake in Monolithic Power Systems in the 2nd quarter valued at $25,000. RiverPark Advisors LLC acquired a new position in shares of Monolithic Power Systems during the first quarter valued at about $27,000. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems in the first quarter valued at about $31,000. Atwood & Palmer Inc. acquired a new stake in Monolithic Power Systems during the second quarter worth about $33,000. Finally, Crewe Advisors LLC grew its position in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $895.16 on Thursday. The stock has a market cap of $43.64 billion, a PE ratio of 106.69, a price-to-earnings-growth ratio of 3.73 and a beta of 1.12. Monolithic Power Systems has a fifty-two week low of $392.10 and a fifty-two week high of $959.64. The stock’s 50-day moving average is $854.95 and its two-hundred day moving average is $767.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. On average, equities research analysts anticipate that Monolithic Power Systems will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is 59.59%.

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.