Monolithic Power Systems’ (MPWR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Monolithic Power Systems (NASDAQ:MPWR) in a report released on Thursday morning, Benzinga reports. Needham & Company LLC currently has a $800.00 target price on the semiconductor company’s stock.

MPWR has been the topic of several other reports. KeyCorp upped their target price on Monolithic Power Systems to $850.00 and gave the stock an overweight rating in a report on Monday, April 8th. TD Cowen increased their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an outperform rating in a research note on Thursday, February 8th. Finally, Oppenheimer lifted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $716.90.

Monolithic Power Systems Stock Performance

MPWR stock traded down $5.67 on Thursday, reaching $707.22. The company’s stock had a trading volume of 585,707 shares, compared to its average volume of 544,973. The firm has a market cap of $34.41 billion, a PE ratio of 84.29, a PEG ratio of 3.82 and a beta of 1.22. The business has a fifty day simple moving average of $678.85 and a two-hundred day simple moving average of $615.35. Monolithic Power Systems has a 12-month low of $383.19 and a 12-month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. As a group, research analysts anticipate that Monolithic Power Systems will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.71%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is 59.59%.

Insiders Place Their Bets

In related news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the sale, the chief executive officer now owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $495,040.00. Following the transaction, the chief financial officer now owns 83,173 shares in the company, valued at approximately $56,557,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the transaction, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,077 shares of company stock valued at $30,986,274. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. Baader Bank Aktiengesellschaft lifted its holdings in shares of Monolithic Power Systems by 0.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock valued at $1,153,000 after buying an additional 14 shares during the period. EverSource Wealth Advisors LLC increased its position in Monolithic Power Systems by 23.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 15 shares during the last quarter. American National Bank lifted its holdings in Monolithic Power Systems by 1.5% in the fourth quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock valued at $669,000 after acquiring an additional 16 shares during the period. HB Wealth Management LLC boosted its position in Monolithic Power Systems by 2.0% in the first quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock worth $541,000 after purchasing an additional 16 shares during the last quarter. Finally, Arlington Capital Management Inc. grew its stake in shares of Monolithic Power Systems by 1.4% during the 1st quarter. Arlington Capital Management Inc. now owns 1,301 shares of the semiconductor company’s stock valued at $881,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.