Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $952.30 Consensus Price Target from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $959.90.

MPWR has been the topic of a number of research analyst reports. Needham & Company LLC lifted their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. Truist Financial reaffirmed a “buy” rating and issued a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday. KeyCorp boosted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Oppenheimer boosted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th.

Insider Activity

In other news, EVP Maurice Sciammas sold 10,999 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $843.83, for a total value of $9,281,286.17. Following the sale, the executive vice president now directly owns 118,876 shares in the company, valued at approximately $100,311,135.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the sale, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 10,999 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $843.83, for a total value of $9,281,286.17. Following the sale, the executive vice president now owns 118,876 shares in the company, valued at approximately $100,311,135.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,534 shares of company stock worth $50,452,525. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Large investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Monolithic Power Systems by 19.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after acquiring an additional 9,125 shares during the last quarter. Cim LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $2,197,000. Cetera Investment Advisers grew its position in Monolithic Power Systems by 237.3% during the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after acquiring an additional 4,760 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Monolithic Power Systems by 4.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after acquiring an additional 5,335 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Monolithic Power Systems by 199.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock worth $2,772,000 after acquiring an additional 2,925 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Trading Up 1.4 %

Shares of MPWR stock opened at $935.61 on Monday. Monolithic Power Systems has a 1-year low of $392.10 and a 1-year high of $959.64. The company has a market capitalization of $45.54 billion, a price-to-earnings ratio of 111.51, a P/E/G ratio of 4.13 and a beta of 1.12. The stock’s fifty day simple moving average is $879.02 and its 200-day simple moving average is $790.25.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the previous year, the company posted $2.05 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts predict that Monolithic Power Systems will post 10.41 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.53%. Monolithic Power Systems’s dividend payout ratio is 59.59%.

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.