Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report)’s share price was up 7.4% during trading on Tuesday . The stock traded as high as $1,382.00 and last traded at $1,386.3070. Approximately 152,701 shares were traded during trading, a decline of 79% from the average daily volume of 714,279 shares. The stock had previously closed at $1,291.38.
Analysts Set New Price Targets
Several analysts recently issued reports on MPWR shares. Needham & Company LLC upped their price target 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 boosted their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Stifel Nicolaus boosted their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.
Get Our Latest Research Report on MPWR
Monolithic Power Systems Stock Performance
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the prior year, the business earned $4.04 earnings per share. Monolithic Power Systems’s quarterly revenue was up 26.1% on a year-over-year basis. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.
Monolithic Power Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 57.68%.
Insider Activity
In other news, Director Jeff Zhou sold 1,014 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares of the company’s stock, valued at approximately $7,595,669.16. The trade was a 17.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the transaction, the director owned 5,402 shares of the company’s stock, valued at $8,561,953.92. This represents a 68.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 69,370 shares of company stock worth $112,702,503 over the last 90 days. Insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $34,000. IFP Advisors Inc grew its holdings in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd increased its position in Monolithic Power Systems by 29.0% in 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. Sunbelt Securities Inc. increased its position in Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 28 shares during the period. Finally, Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $38,000. 93.46% of the stock is owned by institutional investors and hedge funds.
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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