Monolithic Power Systems (NASDAQ:MPWR) PT Raised to $1,100.00

Monolithic Power Systems (NASDAQ:MPWR) had its target price hoisted by Stifel Nicolaus from $1,000.00 to $1,100.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also recently issued reports on the company. TD Cowen upgraded Monolithic Power Systems to a strong-buy rating in a report on Monday, September 16th. KeyCorp upped their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an overweight rating in a research report on Friday, August 2nd. Oppenheimer boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an outperform rating in a research note on Thursday, June 13th. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a buy rating in a research report on Monday, July 29th. Finally, Raymond James increased their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an outperform rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average target price of $952.30.

Monolithic Power Systems Trading Down 0.1 %

Shares of NASDAQ:MPWR opened at $924.50 on Friday. Monolithic Power Systems has a 12 month low of $392.10 and a 12 month high of $959.64. The company has a market capitalization of $45.00 billion, a price-to-earnings ratio of 109.63, a PEG ratio of 4.13 and a beta of 1.12. The firm’s 50-day moving average is $869.22 and its 200 day moving average is $783.50.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm had revenue of $507.40 million during the quarter, compared to analysts’ expectations of $490.66 million. During the same quarter in the prior year, the company earned $2.05 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts forecast that Monolithic Power Systems will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.54%. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Insider Activity

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Hsing sold 9,614 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $7,994,810.12. Following the completion of the transaction, the chief executive officer now owns 868,122 shares in the company, valued at $721,912,892.76. The disclosure for this sale can be found here. Insiders sold 55,034 shares of company stock worth $48,181,625 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several large investors have recently added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its stake in Monolithic Power Systems by 8.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,608 shares of the semiconductor company’s stock worth $1,014,000 after acquiring an additional 127 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $260,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Monolithic Power Systems by 199.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock worth $2,772,000 after purchasing an additional 2,925 shares during the period. Advisory Services Network LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at $228,000. Finally, Parallel Advisors LLC raised its stake in Monolithic Power Systems by 11.0% in the fourth quarter. Parallel Advisors LLC now owns 263 shares of the semiconductor company’s stock valued at $166,000 after purchasing an additional 26 shares in the last quarter. 93.46% of the stock is 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.