Monolithic Power Systems (NASDAQ:MPWR) Sets New 1-Year High at $824.26

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $824.26 and last traded at $822.92, with a volume of 231039 shares. The stock had previously closed at $806.57.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MPWR shares. KeyCorp increased their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Truist Financial boosted their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Finally, Oppenheimer raised their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $766.00.

Monolithic Power Systems Stock Up 2.6 %

The firm’s 50 day simple moving average is $711.08 and its 200 day simple moving average is $671.98. The company has a market capitalization of $40.28 billion, a PE ratio of 96.13, a price-to-earnings-growth ratio of 4.17 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.02. The firm had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.03 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Insiders Place Their Bets

In other news, CEO Michael Hsing sold 8,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the completion of the transaction, the chief executive officer now directly owns 880,408 shares in the company, valued at approximately $643,648,680.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the transaction, the chief financial officer now owns 75,723 shares in the company, valued at approximately $50,226,308.67. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the completion of the transaction, the chief executive officer now owns 880,408 shares in the company, valued at $643,648,680.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,046 shares of company stock valued at $31,842,373. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. Norges Bank purchased a new stake in Monolithic Power Systems during the 4th quarter valued at approximately $362,477,000. BNP Paribas Financial Markets grew its position in Monolithic Power Systems by 95.1% in the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after buying an additional 148,771 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Monolithic Power Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after acquiring an additional 123,946 shares in the last quarter. Rokos Capital Management LLP boosted its position in shares of Monolithic Power Systems by 133.9% during the 3rd quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock worth $93,218,000 after purchasing an additional 115,250 shares in the last quarter. Finally, UBS Group AG increased its stake in Monolithic Power Systems by 100.4% during the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock worth $122,552,000 after acquiring an additional 97,357 shares during the last quarter. 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.