Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $1,599.1667.
Several research firms have weighed in on MPWR. KeyCorp raised their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen raised their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Raymond James Financial restated an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st.
Check Out Our Latest Stock Analysis on Monolithic Power Systems
Insider Activity
Institutional Investors Weigh In On Monolithic Power Systems
Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Fund Management LLC lifted its position in shares of Monolithic Power Systems by 2.7% during the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 7 shares during the period. Covestor Ltd lifted its position in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the period. Bell Investment Advisors Inc lifted its position in shares of Monolithic Power Systems by 23.7% during the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 9 shares during the period. Resonant Capital Advisors LLC lifted its position in shares of Monolithic Power Systems by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after acquiring an additional 10 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of Monolithic Power Systems by 1.4% during the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after acquiring an additional 10 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Monolithic Power Systems Stock Down 7.4%
Shares of NASDAQ MPWR opened at $1,423.76 on Wednesday. Monolithic Power Systems has a 52 week low of $686.87 and a 52 week high of $1,714.09. The firm has a 50-day moving average price of $1,551.85 and a 200 day moving average price of $1,239.62. The stock has a market capitalization of $69.95 billion, a price-to-earnings ratio of 102.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.69.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter last year, the business earned $4.04 earnings per share. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. Equities research analysts expect that Monolithic Power Systems will post 20.13 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.68%.
About Monolithic Power Systems
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.
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