Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $851.58 Average Target Price from Analysts

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $851.58.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Finally, Rosenblatt Securities reduced their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Avantax Advisory Services Inc. raised its stake in shares of Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock valued at $1,893,000 after acquiring an additional 14 shares during the period. WP Advisors LLC increased its holdings in Monolithic Power Systems by 3.2% in the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 16 shares during the last quarter. Allworth Financial LP raised its position in Monolithic Power Systems by 11.5% in the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 16 shares during the period. D.A. Davidson & CO. lifted its stake in Monolithic Power Systems by 5.1% during the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 19 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Monolithic Power Systems by 12.2% during the third quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock worth $188,000 after buying an additional 22 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 3.6 %

NASDAQ:MPWR opened at $579.89 on Monday. The stock has a 50 day moving average of $637.11 and a two-hundred day moving average of $699.67. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64. The firm has a market cap of $27.76 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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, research analysts forecast that Monolithic Power Systems will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.08%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

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.