Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) has been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $1,731.42.
A number of research analysts have recently weighed in on the stock. Arete Research set a $2,013.00 price target on shares of Monolithic Power Systems and gave the company a “buy” rating in a report on Thursday, August 20th. Wall Street Zen cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Weiss Ratings cut Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st.
Get Our Latest Stock Analysis on MPWR
Monolithic Power Systems Stock Performance
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its 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. The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company’s revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.21 earnings per share. On average, sell-side analysts anticipate that Monolithic Power Systems will post 23.35 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, September 30th. Monolithic Power Systems’s payout ratio is 49.05%.
Insider Activity at Monolithic Power Systems
In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director owned 515 shares of the company’s stock, valued at $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. 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. Over the last 90 days, insiders sold 160 shares of company stock valued at $215,945. Corporate insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $3,983,000. Baker Avenue Asset Management LP increased its holdings in shares of Monolithic Power Systems by 436.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock valued at $2,884,000 after purchasing an additional 2,589 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $1,283,000. Norges Bank bought a new position in Monolithic Power Systems in the 4th quarter worth approximately $658,656,000. Finally, Catalyst Capital Advisors LLC bought a new position in Monolithic Power Systems in the 4th quarter worth approximately $1,631,000. Institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc (NASDAQ:MPWR) designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.
The company’s portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.
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