Monolithic Power Systems (NASDAQ:MPWR) Shares Down 7% – What’s Next?

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) shares dropped 7% on Monday . The company traded as low as $1,315.90 and last traded at $1,326.3080. 150,672 shares were traded during trading, a decline of 80% from the average session volume of 739,024 shares. The stock had previously closed at $1,426.03.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MPWR shares. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research note on Friday, May 1st. Truist Financial boosted their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp increased their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Rosenblatt Securities restated a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus target price of $1,705.82.

View Our Latest Research Report on Monolithic Power Systems

Monolithic Power Systems Price Performance

The stock has a market cap of $65.99 billion, a P/E ratio of 82.34 and a beta of 1.71. The company has a fifty day moving average of $1,440.58 and a 200 day moving average of $1,316.72.

Monolithic Power Systems (NASDAQ:MPWRGet 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, beating analysts’ consensus estimates 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 firm had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same period last year, the company posted $4.21 EPS. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 20.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Insider Activity

In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the sale, the director directly owned 4,786 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the sale, the director directly owned 5,402 shares of the company’s stock, valued at $8,561,953.92. The trade was a 68.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,340 shares of company stock valued at $112,654,841 over the last quarter. Insiders own 3.60% of the company’s stock.

Institutional Trading of Monolithic Power Systems

A number of large investors have recently added to or reduced their stakes in MPWR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $34,000. IFP Advisors Inc grew its holdings in shares of 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 acquiring an additional 24 shares during the last quarter. Covestor Ltd raised its position in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the period. Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $38,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 28 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

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.

Further Reading

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.