Monolithic Power Systems (NASDAQ:MPWR) Upgraded to Buy at Loop Capital

Loop Capital upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a hold rating to a buy rating in a research note released on Monday morning, MarketBeat reports. Loop Capital currently has $660.00 price objective on the semiconductor company’s stock.

Several other research analysts have also recently issued reports on the stock. TD Cowen reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Raymond James raised their target price 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. Needham & Company LLC reissued a “buy” rating and set a $950.00 target price on shares of Monolithic Power Systems in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $882.64.

Monolithic Power Systems Trading Up 2.5 %

NASDAQ:MPWR opened at $587.84 on Monday. Monolithic Power Systems has a 12 month low of $535.39 and a 12 month high of $959.64. The firm has a fifty day simple moving average of $856.47 and a 200-day simple moving average of $828.33. The company has a market capitalization of $28.67 billion, a P/E ratio of 66.27, a PEG ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Equities analysts forecast that Monolithic Power Systems will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.85%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 734 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the transaction, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,359 shares of company stock valued at $36,209,571 over the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently bought and sold shares of MPWR. Acadian Asset Management LLC boosted its position in Monolithic Power Systems by 224.4% during the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after acquiring an additional 1,057 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Monolithic Power Systems by 52.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,629 shares of the semiconductor company’s stock valued at $1,104,000 after purchasing an additional 561 shares during the last quarter. Pitcairn Co. boosted its holdings in Monolithic Power Systems by 11.5% in the 1st quarter. Pitcairn Co. now owns 2,394 shares of the semiconductor company’s stock valued at $1,622,000 after purchasing an additional 247 shares during the last quarter. Natixis boosted its holdings in Monolithic Power Systems by 169.1% in the 1st quarter. Natixis now owns 8,853 shares of the semiconductor company’s stock valued at $5,997,000 after purchasing an additional 5,563 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Monolithic Power Systems in the 1st quarter worth approximately $335,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Monolithic Power Systems

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.