Wells Fargo & Company Has Lowered Expectations for Monolithic Power Systems (NASDAQ:MPWR) Stock Price

Monolithic Power Systems (NASDAQ:MPWR) had its price target lowered by Wells Fargo & Company from $710.00 to $665.00 in a research note released on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the semiconductor company’s stock.

Other analysts have also recently issued reports about the company. Oppenheimer cut their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Rosenblatt Securities lowered their price target on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday. Loop Capital raised their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $590.98 on Friday. The business has a 50-day simple moving average of $636.30 and a 200-day simple moving average of $707.52. Monolithic Power Systems has a one year low of $546.71 and a one year high of $959.64. The company has a market cap of $28.29 billion, a PE ratio of 16.07, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. On average, sell-side analysts predict that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Monolithic Power Systems by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company’s stock worth $3,446,223,000 after buying an additional 74,046 shares during the last quarter. FMR LLC increased its stake in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares during the period. State Street Corp raised its holdings in Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after purchasing an additional 42,678 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock valued at $904,297,000 after purchasing an additional 214,395 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock valued at $807,158,000 after purchasing an additional 31,295 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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.