Monolithic Power Systems (NASDAQ:MPWR) PT Raised to $918.00

Monolithic Power Systems (NASDAQ:MPWR) had its price target raised by Truist Financial from $799.00 to $918.00 in a research note published on Friday, Benzinga reports. Truist Financial currently has a buy rating on the semiconductor company’s stock.

Several other analysts have also recently issued reports on the company. Wells Fargo & Company upped their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the company an overweight rating in a report on Thursday, May 2nd. KeyCorp lifted their target price 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. Rosenblatt Securities increased their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a buy rating in a research note on Monday, July 29th. Needham & Company LLC reaffirmed a buy rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Finally, Oppenheimer upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an outperform rating in a report on Thursday, June 13th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $882.30.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded up $24.59 during mid-day trading on Friday, reaching $795.03. The company’s stock had a trading volume of 278,807 shares, compared to its average volume of 534,779. The stock has a 50-day moving average of $810.38 and a two-hundred day moving average of $729.24. The stock has a market capitalization of $38.70 billion, a P/E ratio of 91.83, a P/E/G ratio of 3.92 and a beta of 1.11. Monolithic Power Systems has a 1-year low of $392.10 and a 1-year high of $891.67.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $2.05 EPS. Analysts predict that Monolithic Power Systems will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.63%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 200 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were 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 owns 941 shares in the company, valued at $691,635. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the completion of the sale, the chief financial officer now directly owns 64,906 shares of the company’s stock, valued at $55,333,014.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total value of $147,000.00. Following the transaction, the director now owns 941 shares in the company, valued at approximately $691,635. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,709 shares of company stock valued at $71,147,068. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Several large investors have recently modified their holdings of MPWR. Family Firm Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter valued at $25,000. RiverPark Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter worth about $27,000. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the first quarter worth about $31,000. Atwood & Palmer Inc. acquired a new position in Monolithic Power Systems in the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC raised its stake in Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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.