Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average Rating of “Moderate Buy” by Brokerages

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $1,705.8182.

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. TD Cowen lifted 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 research report on Friday, May 1st. Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. Finally, Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st.

Get Our Latest Research Report on Monolithic Power Systems

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the sale, the director owned 3,800 shares in the company, valued at approximately $6,384,000. This represents a 11.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 25,141 shares of company stock worth $40,472,815. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at approximately $34,000. IFP Advisors Inc lifted its holdings in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd grew its position in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC purchased a new position in Monolithic Power Systems in the fourth quarter worth approximately $38,000. Finally, Sunbelt Securities Inc. grew its position in Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 28 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 0.8%

Shares of MPWR opened at $1,345.45 on Thursday. Monolithic Power Systems has a 12 month low of $785.00 and a 12 month high of $1,714.09. The stock’s 50 day moving average is $1,423.62 and its two-hundred day moving average is $1,324.10. The firm has a market cap of $66.10 billion, a P/E ratio of 82.49 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period in the prior year, the company posted $4.21 EPS. The business’s quarterly revenue was up 47.6% on a year-over-year basis. Equities research analysts forecast that Monolithic Power Systems will post 20.66 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is presently 49.05%.

Monolithic Power Systems Company Profile

(Get Free Report)

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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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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