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

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $1,074.5833.

MPWR has been the subject of a number of analyst reports. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. TD Cowen raised their price objective on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, October 31st. KeyCorp upped their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Truist Financial increased their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday.

Monolithic Power Systems Stock Down 0.7%

NASDAQ MPWR opened at $946.32 on Wednesday. The stock has a market capitalization of $45.34 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 3.20 and a beta of 1.47. Monolithic Power Systems has a 12-month low of $438.86 and a 12-month high of $1,123.38. The company has a 50 day moving average price of $963.45 and a two-hundred day moving average price of $868.94.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same quarter in the prior year, the business posted $4.06 EPS. Monolithic Power Systems’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities analysts anticipate that Monolithic Power Systems will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio is 15.93%.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total value of $89,697.00. Following the sale, the director owned 426 shares of the company’s stock, valued at $382,109.22. This trade represents a 19.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 3,976 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $895.23, for a total value of $3,559,434.48. Following the completion of the transaction, the executive vice president directly owned 144,330 shares in the company, valued at approximately $129,208,545.90. This represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 86,516 shares of company stock valued at $80,331,635. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds and other institutional investors have recently modified their holdings of MPWR. Brighton Jones LLC raised its stake in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Monolithic Power Systems by 87.1% during the 1st quarter. AlphaQuest LLC now owns 131 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Monolithic Power Systems by 14.7% during the first quarter. Smartleaf Asset Management LLC now owns 312 shares of the semiconductor company’s stock valued at $181,000 after buying an additional 40 shares during the last quarter. ICONIQ Capital LLC bought a new stake in shares of Monolithic Power Systems in the first quarter valued at about $319,000. Finally, Synovus Financial Corp grew its position in Monolithic Power Systems by 37.9% during the first quarter. Synovus Financial Corp now owns 6,053 shares of the semiconductor company’s stock worth $3,511,000 after buying an additional 1,665 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.