Brokerages Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) PT at $806.13

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $806.13.

A number of equities research analysts have recently weighed in on MPWR shares. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Truist Financial boosted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Oppenheimer raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, May 2nd.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 200 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total value of $147,000.00. Following the completion of the sale, the director now directly owns 941 shares in the company, valued at $691,635. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 891,232 shares in the company, valued at $589,861,899.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 200 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total transaction of $147,000.00. Following the completion of the transaction, the director now directly owns 941 shares of the company’s stock, valued at $691,635. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,310 shares of company stock valued at $63,163,317. 3.20% of the stock is owned by company insiders.

Institutional Trading of Monolithic Power Systems

Several hedge funds and other institutional investors have recently modified their holdings of MPWR. RiverPark Advisors LLC bought a new position in shares of Monolithic Power Systems during the first quarter worth about $27,000. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $31,000. Atwood & Palmer Inc. acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $33,000. Arlington Trust Co LLC lifted its position in shares of Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 23 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth $43,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 4.1 %

Shares of NASDAQ:MPWR opened at $808.83 on Wednesday. The firm has a market cap of $39.37 billion, a P/E ratio of 96.40, a P/E/G ratio of 4.04 and a beta of 1.11. Monolithic Power Systems has a 12 month low of $392.10 and a 12 month high of $891.67. The company’s 50-day moving average price is $795.03 and its two-hundred day moving average price is $712.02.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The business had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. As a group, equities analysts predict that Monolithic Power Systems will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Monolithic Power Systems Company Profile

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.