Rosenblatt Securities Issues Pessimistic Forecast for Monolithic Power Systems (NASDAQ:MPWR) Stock Price

Monolithic Power Systems (NASDAQ:MPWR) had its price objective reduced by Rosenblatt Securities from $800.00 to $750.00 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

MPWR has been the subject of several other reports. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. 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 target for the company. Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Oppenheimer reduced their price objective 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. Finally, KeyCorp increased their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $851.58.

Monolithic Power Systems Trading Down 3.0 %

NASDAQ MPWR opened at $590.98 on Friday. The business’s 50-day moving average price is $636.30 and its 200 day moving average price is $707.52. Monolithic Power Systems has a twelve month low of $546.71 and a twelve month high of $959.64. The company has a market capitalization of $28.29 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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 20.36% and a net margin of 80.95%. Equities analysts predict that Monolithic Power Systems will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared 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 is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.06%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently added to or reduced their stakes in the company. DSG Capital Advisors LLC bought a new stake in Monolithic Power Systems during the fourth quarter valued at $2,280,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Monolithic Power Systems by 3.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,281 shares of the semiconductor company’s stock valued at $1,942,000 after buying an additional 101 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $20,930,000. Virtue Capital Management LLC raised its stake in Monolithic Power Systems by 6.3% during the fourth quarter. Virtue Capital Management LLC now owns 576 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 34 shares during the period. Finally, Armis Advisers LLC bought a new position in Monolithic Power Systems in the fourth quarter worth about $240,000. 93.46% of the stock is currently owned by 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.