Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $1,599.1667.
A number of equities analysts recently weighed in on the company. Needham & Company LLC upped their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st.
Read Our Latest Stock Report on MPWR
Monolithic Power Systems Price Performance
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.04 earnings per share. As a group, sell-side analysts anticipate that Monolithic Power Systems will post 20.13 EPS for the current year.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.
Insiders Place Their Bets
In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the completion of the sale, the director directly owned 5,402 shares in the company, valued at $8,561,953.92. This represents a 68.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares in the company, valued at $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 69,370 shares of company stock valued at $112,702,503. Corporate insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in MPWR. Generali Investments Management Co LLC grew its stake in Monolithic Power Systems by 60.4% during the 2nd quarter. Generali Investments Management Co LLC now owns 916 shares of the semiconductor company’s stock worth $1,266,000 after purchasing an additional 345 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Monolithic Power Systems by 3.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 32,416 shares of the semiconductor company’s stock valued at $44,811,000 after buying an additional 983 shares during the period. First Bank & Trust boosted its stake in shares of Monolithic Power Systems by 8.4% in the 2nd quarter. First Bank & Trust now owns 245 shares of the semiconductor company’s stock valued at $339,000 after buying an additional 19 shares during the period. Tactive Advisors LLC acquired a new position in shares of Monolithic Power Systems during the second quarter worth about $218,000. Finally, Everhart Financial Group Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter worth about $216,000. Institutional investors and hedge funds own 93.46% of the company’s stock.
Monolithic Power Systems Company Profile
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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