Analysts Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) PT at $1,074.58

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have received an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $1,074.5833.

MPWR has been the topic of several recent research reports. Needham & Company LLC increased their price objective on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Rosenblatt Securities increased their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday, December 26th.

Monolithic Power Systems Trading Up 0.2%

Shares of NASDAQ:MPWR opened at $1,076.67 on Friday. The company has a 50 day moving average of $950.63 and a 200 day moving average of $901.40. The stock has a market cap of $51.58 billion, a P/E ratio of 27.49, a P/E/G ratio of 3.04 and a beta of 1.45. Monolithic Power Systems has a 12 month low of $438.86 and a 12 month high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last posted its 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 return on equity of 18.37% and a net margin of 71.22%.The business had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. During the same period in the previous year, the business earned $4.06 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. On average, equities analysts forecast that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Victor K. Lee sold 600 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $930.86, for a total value of $558,516.00. Following the transaction, the director directly owned 27,967 shares of the company’s stock, valued at $26,033,361.62. The trade was a 2.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $940.47, for a total value of $2,821,410.00. Following the completion of the sale, the chief financial officer owned 68,332 shares of the company’s stock, valued at $64,264,196.04. The trade was a 4.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,976 shares of company stock worth $63,370,417 in the last 90 days. 3.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares during the period. Parallel Advisors LLC grew its stake in shares of Monolithic Power Systems by 10.0% in the second quarter. Parallel Advisors LLC now owns 493 shares of the semiconductor company’s stock worth $360,000 after purchasing an additional 45 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Monolithic Power Systems by 1.0% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,007 shares of the semiconductor company’s stock valued at $4,393,000 after purchasing an additional 59 shares during the period. Finally, Swedbank AB raised its position in Monolithic Power Systems by 66.1% during the 2nd quarter. Swedbank AB now owns 39,444 shares of the semiconductor company’s stock valued at $28,849,000 after purchasing an additional 15,700 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 (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.