Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $1,735.50.
MPWR has been the subject of several research reports. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. KeyCorp upped their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Rosenblatt Securities reiterated a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Monday, October 5th. Finally, Arete Research began coverage on shares of Monolithic Power Systems in a report on Thursday, August 20th. They issued a “buy” rating and a $2,013.00 price target for the company.
Get Our Latest Stock Report on Monolithic Power Systems
Insider Buying and Selling at Monolithic Power Systems
In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. 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 ninety days, insiders have sold 130 shares of company stock worth $175,397. Company insiders own 3.60% of the company’s stock.
Hedge Funds Weigh In On Monolithic Power Systems
Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter valued at about $7,727,289,000. State Street Corp raised its stake in shares of Monolithic Power Systems by 4.3% during the second quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock worth $3,159,219,000 after buying an additional 93,732 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Monolithic Power Systems by 42.3% during the second quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock worth $1,031,568,000 after buying an additional 221,666 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $741,271,000. Finally, Royal Bank of Canada lifted its holdings in Monolithic Power Systems by 168.1% in the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after buying an additional 296,788 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.
Monolithic Power Systems Stock Up 3.5%
Monolithic Power Systems stock opened at $1,253.66 on Tuesday. The stock has a 50-day simple moving average of $1,301.39 and a 200 day simple moving average of $1,395.09. Monolithic Power Systems has a 12-month low of $833.18 and a 12-month high of $1,714.09. The stock has a market capitalization of $61.60 billion, a price-to-earnings ratio of 76.86 and a beta of 1.68.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the company earned $4.21 EPS. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Monolithic Power Systems will post 23.95 EPS for the current year.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.
The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.
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