Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $820.33.

A number of analysts have recently commented on the company. Wells Fargo & Company began coverage on 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. Oppenheimer cut their target price 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 began 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. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a research report on Monday, November 18th. Finally, Needham & Company LLC decreased their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd.

Monolithic Power Systems Trading Up 1.1 %

Shares of Monolithic Power Systems stock opened at $660.90 on Friday. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64. The firm has a market capitalization of $32.24 billion, a P/E ratio of 74.51, a P/E/G ratio of 2.44 and a beta of 1.03. The business has a fifty day simple moving average of $613.54 and a two-hundred day simple moving average of $756.52.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Analysts predict that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 0.76%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Monolithic Power Systems

Large investors have recently added to or reduced their stakes in the business. Vestmark Advisory Solutions Inc. raised its position in Monolithic Power Systems by 21.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 864 shares of the semiconductor company’s stock worth $511,000 after acquiring an additional 154 shares during the period. Geneva Capital Management LLC increased its stake in shares of Monolithic Power Systems by 32.9% in the 4th quarter. Geneva Capital Management LLC now owns 36,339 shares of the semiconductor company’s stock worth $21,502,000 after purchasing an additional 9,004 shares in the last quarter. Raymond James Financial Inc. bought a new position in Monolithic Power Systems in the 4th quarter worth $140,795,000. Promus Capital LLC purchased a new position in Monolithic Power Systems during the fourth quarter valued at $80,000. Finally, Arizona State Retirement System grew its holdings in Monolithic Power Systems by 1.4% during the fourth quarter. Arizona State Retirement System now owns 14,140 shares of the semiconductor company’s stock valued at $8,367,000 after purchasing an additional 195 shares during the period. 93.46% of the stock is currently owned by institutional investors.

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.