Monolithic Power Systems’ (MPWR) “Outperform” Rating Reiterated at Oppenheimer

Oppenheimer restated their outperform rating on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have a $800.00 price objective on the semiconductor company’s stock, up from their previous price objective of $700.00.

MPWR has been the subject of several other research reports. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup increased their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. TD Cowen increased their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. KeyCorp increased their price target on Monolithic Power Systems from $820.00 to $940.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $802.33.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded down $2.47 on Tuesday, reaching $711.10. The company had a trading volume of 29,551 shares, compared to its average volume of 801,738. The firm has a market capitalization of $34.05 billion, a PE ratio of 18.87, a P/E/G ratio of 2.83 and a beta of 1.20. Monolithic Power Systems has a 1 year low of $438.86 and a 1 year high of $959.64. The firm has a 50-day moving average of $708.41 and a 200-day moving average of $640.98.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business’s revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.81 EPS. As a group, sell-side analysts expect that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.56%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president owned 4,015 shares of the company’s stock, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the sale, the chief financial officer directly owned 46,939 shares in the company, valued at $35,204,250. This trade represents a 11.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,200 shares of company stock valued at $13,046,800 in the last three months. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Monolithic Power Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the period. AlphaQuest LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $41,000. Independent Advisor Alliance lifted its position in shares of Monolithic Power Systems by 131.4% during the 4th quarter. Independent Advisor Alliance now owns 546 shares of the semiconductor company’s stock worth $323,000 after buying an additional 310 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after buying an additional 14 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $3,101,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.