Monolithic Power Systems (MPWR) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Monolithic Power Systems (NASDAQ: MPWR):

• 8/5/2024 – Monolithic Power Systems had its price target raised by analysts at Needham & Company LLC from $800.00 to $1,000.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Monolithic Power Systems had its price target raised by analysts at KeyCorp from $975.00 to $1,075.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Monolithic Power Systems had its price target raised by analysts at Raymond James from $770.00 to $925.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Monolithic Power Systems had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $750.00 to $900.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Monolithic Power Systems had its price target raised by analysts at Truist Financial Co. from $799.00 to $918.00. They now have a “buy” rating on the stock.
• 7/29/2024 – Monolithic Power Systems had its price target raised by analysts at Rosenblatt Securities from $800.00 to $880.00. They now have a “buy” rating on the stock.
• 7/9/2024 – Monolithic Power Systems had its price target raised by analysts at KeyCorp from $850.00 to $975.00. They now have an “overweight” rating on the stock.
• 6/13/2024 – Monolithic Power Systems had its price target raised by analysts at Oppenheimer Holdings Inc. from $750.00 to $900.00. They now have an “outperform” rating on the stock.

Monolithic Power Systems Trading Up 2.6 %

NASDAQ MPWR traded up $19.72 during trading on Tuesday, reaching $790.16. The company’s stock had a trading volume of 531,854 shares, compared to its average volume of 536,468. The stock has a market capitalization of $38.46 billion, a PE ratio of 94.18, a PEG ratio of 3.92 and a beta of 1.11. The business has a 50-day moving average price of $810.38 and a 200-day moving average price of $729.24. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $891.67.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same quarter last year, the firm posted $2.05 earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, analysts expect that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 737 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $689.98, for a total transaction of $508,515.26. Following the transaction, the chief financial officer now owns 74,986 shares of the company’s stock, valued at $51,738,840.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Monolithic Power Systems news, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $2,665,213.90. Following the sale, the executive vice president now owns 203,213 shares of the company’s stock, valued at approximately $168,987,866.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 737 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $689.98, for a total transaction of $508,515.26. Following the completion of the sale, the chief financial officer now directly owns 74,986 shares in the company, valued at approximately $51,738,840.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,709 shares of company stock valued at $71,147,068. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $362,477,000. BNP Paribas Financial Markets boosted its stake in shares of Monolithic Power Systems by 95.1% in the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after purchasing an additional 148,771 shares in the last quarter. UBS Group AG boosted its stake in shares of Monolithic Power Systems by 100.4% in the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after purchasing an additional 97,357 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Monolithic Power Systems by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after purchasing an additional 90,589 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Monolithic Power Systems by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after purchasing an additional 85,676 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.