Monolithic Power Systems (NASDAQ:MPWR) Given New $850.00 Price Target at KeyCorp

Monolithic Power Systems (NASDAQ:MPWR) had its price target upped by KeyCorp from $700.00 to $850.00 in a report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

MPWR has been the subject of a number of other reports. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Oppenheimer lowered their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Wells Fargo & Company assumed coverage on shares of Monolithic Power Systems in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target on the stock. TD Cowen decreased their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Needham & Company LLC boosted 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. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Price Performance

MPWR opened at $720.25 on Friday. Monolithic Power Systems has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The company’s 50 day moving average price is $615.56 and its two-hundred day moving average price is $755.86. The firm has a market capitalization of $35.13 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.53 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. As a group, equities research analysts predict that Monolithic Power Systems will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is 13.60%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Monolithic Power Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mather Group LLC. boosted its stake in Monolithic Power Systems by 93.2% during the 3rd quarter. Mather Group LLC. now owns 313 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 151 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Monolithic Power Systems by 7.1% during the third quarter. Dynamic Advisor Solutions LLC now owns 349 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 23 shares during the last quarter. Atomi Financial Group Inc. raised its position in Monolithic Power Systems by 15.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 305 shares of the semiconductor company’s stock valued at $282,000 after buying an additional 41 shares during the last quarter. CWM LLC lifted its stake in Monolithic Power Systems by 37.9% during the 3rd quarter. CWM LLC now owns 2,155 shares of the semiconductor company’s stock valued at $1,992,000 after acquiring an additional 592 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in Monolithic Power Systems by 32.1% during the 3rd quarter. Wedmont Private Capital now owns 885 shares of the semiconductor company’s stock valued at $823,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.