TD Cowen Boosts Monolithic Power Systems (NASDAQ:MPWR) Price Target to $1,100.00

Monolithic Power Systems (NASDAQ:MPWR) had its price target boosted by TD Cowen from $925.00 to $1,100.00 in a report issued on Wednesday, Marketbeat reports. TD Cowen currently has a buy rating on the semiconductor company’s stock.

MPWR has been the subject of several other research reports. Truist Financial boosted their target price on Monolithic Power Systems from $799.00 to $918.00 and gave the company a buy rating in a research report on Friday, August 2nd. KeyCorp boosted their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an overweight rating in a research report on Friday, August 2nd. Needham & Company LLC boosted their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a buy rating in a report on Monday, August 5th. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the company an overweight rating in a report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a buy rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $912.30.

Monolithic Power Systems Trading Up 3.1 %

MPWR opened at $936.29 on Wednesday. Monolithic Power Systems has a 12 month low of $392.10 and a 12 month high of $956.63. The stock has a 50-day moving average of $840.77 and a 200 day moving average of $753.03. The firm has a market cap of $45.58 billion, a P/E ratio of 111.60, a P/E/G ratio of 3.92 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. During the same quarter in the previous year, the business earned $2.05 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, research analysts forecast that Monolithic Power Systems will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Insider Buying and Selling

In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $731.08, for a total value of $5,848,640.00. Following the completion of the transaction, the chief executive officer now owns 880,408 shares of the company’s stock, valued at $643,648,680.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the transaction, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $731.08, for a total value of $5,848,640.00. Following the transaction, the chief executive officer now directly owns 880,408 shares in the company, valued at $643,648,680.64. The disclosure for this sale can be found here. Insiders sold 96,956 shares of company stock valued at $79,700,158 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its holdings in shares of Monolithic Power Systems by 4.0% during the second quarter. Cetera Investment Advisers now owns 7,038 shares of the semiconductor company’s stock valued at $5,784,000 after buying an additional 272 shares during the last quarter. Advisory Alpha LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at $268,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Monolithic Power Systems by 5.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 825 shares of the semiconductor company’s stock valued at $676,000 after buying an additional 45 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Monolithic Power Systems by 31.1% during the second quarter. NewEdge Advisors LLC now owns 9,709 shares of the semiconductor company’s stock valued at $7,978,000 after buying an additional 2,301 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Monolithic Power Systems by 10.8% during the second quarter. Creative Planning now owns 5,818 shares of the semiconductor company’s stock valued at $4,780,000 after buying an additional 566 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.