Monolithic Power Systems (NASDAQ:MPWR) Hits New 12-Month High at $957.28

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) hit a new 52-week high during trading on Thursday . The company traded as high as $957.28 and last traded at $943.83, with a volume of 97736 shares traded. The stock had previously closed at $929.30.

Analysts Set New Price Targets

MPWR has been the topic of several recent research reports. Oppenheimer lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. KeyCorp increased their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Cowen lifted their target price on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Truist Financial upped their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $912.30.

Monolithic Power Systems Price Performance

The stock has a market capitalization of $45.50 billion, a P/E ratio of 111.40, a PEG ratio of 3.92 and a beta of 1.11. The company’s 50 day simple moving average is $850.14 and its two-hundred day simple moving average is $761.05.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The business had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same period in the prior year, the company earned $2.05 EPS. Monolithic Power Systems’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $1.25 dividend. The ex-dividend date was Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.53%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,416 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $731.43, for a total value of $1,767,134.88. Following the completion of the sale, the chief financial officer now owns 72,486 shares in the company, valued at approximately $53,018,434.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 880,408 shares in the company, valued at $643,648,680.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,416 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $731.43, for a total value of $1,767,134.88. Following the transaction, the chief financial officer now directly owns 72,486 shares in the company, valued at approximately $53,018,434.98. The disclosure for this sale can be found here. Insiders have sold a total of 106,215 shares of company stock worth $88,496,208 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter valued at about $25,000. RiverPark Advisors LLC bought a new stake in shares of Monolithic Power Systems during the first quarter worth approximately $27,000. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the first quarter valued at approximately $31,000. Atwood & Palmer Inc. bought a new position in Monolithic Power Systems in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC grew its holdings in 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 during the period. 93.46% of the stock is owned by institutional investors.

About Monolithic Power Systems

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.