Brokerages Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) PT at $544.67

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) have earned an average recommendation of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $544.67.

A number of analysts have recently weighed in on MPWR shares. KeyCorp upgraded shares of Monolithic Power Systems from a “sector weight” rating to an “overweight” rating and set a $520.00 price target on the stock in a report on Tuesday, January 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monolithic Power Systems from $470.00 to $510.00 in a report on Friday, February 11th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Friday, February 11th. Oppenheimer decreased their price objective on shares of Monolithic Power Systems from $600.00 to $525.00 in a research report on Thursday, February 3rd. Finally, Zacks Investment Research lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating and set a $500.00 price objective for the company. in a research report on Wednesday, February 16th.

NASDAQ:MPWR opened at $409.38 on Thursday. Monolithic Power Systems has a fifty-two week low of $301.53 and a fifty-two week high of $580.00. The stock has a market capitalization of $19.04 billion, a P/E ratio of 80.91, a P/E/G ratio of 2.32 and a beta of 0.91. The company’s 50-day simple moving average is $442.56 and its 200-day simple moving average is $473.04.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last released its quarterly earnings results on Thursday, February 10th. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.16. Monolithic Power Systems had a net margin of 20.04% and a return on equity of 20.92%. The business had revenue of $336.50 million for the quarter, compared to analysts’ expectations of $321.77 million. During the same period last year, the business earned $0.90 EPS. The company’s revenue was up 44.4% compared to the same quarter last year. Equities analysts expect that Monolithic Power Systems will post 7.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.60. This represents a $3.00 dividend on an annualized basis and a yield of 0.73%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.29%.

In other Monolithic Power Systems news, VP Saria Tseng sold 4,420 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $467.23, for a total transaction of $2,065,156.60. Following the completion of the transaction, the vice president now directly owns 295,047 shares of the company’s stock, valued at approximately $137,854,809.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 930 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $467.22, for a total transaction of $434,514.60. Following the transaction, the chief financial officer now directly owns 132,238 shares of the company’s stock, valued at $61,784,238.36. The disclosure for this sale can be found here. Insiders have sold a total of 74,574 shares of company stock valued at $31,304,258 over the last three months. 2.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MPWR. Bank of America Corp DE grew its stake in shares of Monolithic Power Systems by 20.4% during the 2nd quarter. Bank of America Corp DE now owns 624,910 shares of the semiconductor company’s stock worth $233,374,000 after purchasing an additional 105,898 shares during the period. Jag Capital Management LLC grew its stake in shares of Monolithic Power Systems by 4.7% during the 3rd quarter. Jag Capital Management LLC now owns 72,333 shares of the semiconductor company’s stock worth $35,058,000 after purchasing an additional 3,232 shares during the period. Calamos Advisors LLC grew its stake in shares of Monolithic Power Systems by 1.4% during the 3rd quarter. Calamos Advisors LLC now owns 3,593 shares of the semiconductor company’s stock worth $1,741,000 after purchasing an additional 49 shares during the period. Stephens Inc. AR acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth approximately $201,000. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Monolithic Power Systems by 2.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,910 shares of the semiconductor company’s stock worth $12,073,000 after purchasing an additional 643 shares during the period. 96.30% of the stock is owned by institutional investors.

About Monolithic Power Systems (Get Rating)

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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