Monolithic Power Systems (NASDAQ:MPWR) Price Target Raised to $900.00

Monolithic Power Systems (NASDAQ:MPWR) had its target price lifted by Deutsche Bank Aktiengesellschaft from $750.00 to $900.00 in a research report sent to investors on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the semiconductor company’s stock.

A number of other research firms have also issued reports on MPWR. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a buy rating in a report on Monday, July 29th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an overweight rating in a report on Thursday, May 2nd. Oppenheimer lifted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an outperform rating in a report on Thursday, June 13th. Truist Financial lifted their target price on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a buy rating in a report on Friday. Finally, Needham & Company LLC reaffirmed a buy rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $882.30.

Monolithic Power Systems Price Performance

Shares of MPWR traded up $33.38 during trading hours on Friday, reaching $803.82. 172,909 shares of the company’s stock traded hands, compared to its average volume of 534,073. The firm has a market capitalization of $39.13 billion, a price-to-earnings ratio of 91.83, a P/E/G ratio of 3.92 and a beta of 1.11. Monolithic Power Systems has a twelve month low of $392.10 and a twelve month high of $891.67. The business’s fifty day simple moving average is $810.38 and its two-hundred day simple moving average is $729.24.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. On average, equities research analysts expect that Monolithic Power Systems will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

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

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 200 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 941 shares in the company, valued at approximately $691,635. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $852.51, for a total transaction of $2,131,275.00. Following the completion of the sale, the chief financial officer now directly owns 64,906 shares in the company, valued at approximately $55,333,014.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 200 shares of the firm’s 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 sale, 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 ninety days, insiders sold 88,709 shares of company stock worth $71,147,068. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in MPWR. Norges Bank purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $362,477,000. BNP Paribas Financial Markets raised its stake in shares of Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after purchasing an additional 148,771 shares in the last quarter. UBS Group AG raised its stake in shares of Monolithic Power Systems by 100.4% during the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock worth $122,552,000 after purchasing an additional 97,357 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after purchasing an additional 90,589 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Monolithic Power Systems by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after purchasing an additional 85,676 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.