Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Average Rating of “Buy” from Brokerages

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $882.30.

Several equities analysts have recently issued reports on MPWR shares. Needham & Company LLC lifted their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. KeyCorp lifted their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Truist Financial lifted their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

Monolithic Power Systems Price Performance

MPWR opened at $914.66 on Friday. The stock has a 50-day moving average price of $828.55 and a 200-day moving average price of $743.51. The firm has a market cap of $44.52 billion, a PE ratio of 109.02, a P/E/G ratio of 3.92 and a beta of 1.11. Monolithic Power Systems has a 1 year low of $392.10 and a 1 year high of $925.90.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. Monolithic Power Systems’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. As a group, sell-side analysts anticipate that Monolithic Power Systems will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.55%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Insider Activity at Monolithic Power Systems

In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the completion of the transaction, the chief executive officer now directly owns 880,408 shares in the company, valued at approximately $643,648,680.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the completion of the transaction, the chief executive officer now directly owns 880,408 shares in the company, valued at approximately $643,648,680.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the transaction, the director now owns 29,232 shares of the company’s stock, valued at $23,983,686.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,456 shares of company stock worth $71,350,378. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new position in Monolithic Power Systems in the 2nd quarter worth approximately $25,000. RiverPark Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 1st quarter worth approximately $27,000. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems during the 1st quarter worth approximately $31,000. Atwood & Palmer Inc. purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC raised its holdings in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.