Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $544.67 Consensus Price Target from Brokerages

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) have been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $544.67.

A number of equities analysts have commented on MPWR shares. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Friday, February 11th. KeyCorp upgraded shares of Monolithic Power Systems from a “sector weight” rating to an “overweight” rating and set a $520.00 price objective on the stock in a report on Tuesday, January 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monolithic Power Systems from $470.00 to $510.00 in a report on Friday, February 11th. StockNews.com initiated coverage on shares of Monolithic Power Systems in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Oppenheimer cut their price objective on shares of Monolithic Power Systems from $600.00 to $525.00 in a report on Thursday, February 3rd.

In related news, CFO Theodore Blegen sold 1,897 shares of the stock in a transaction that occurred on Thursday, January 20th. The shares were sold at an average price of $414.46, for a total value of $786,230.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 29,638 shares of the stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of $399.28, for a total transaction of $11,833,860.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,574 shares of company stock worth $31,304,258. 2.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in MPWR. Allspring Global Investments Holdings LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $299,064,000. GQG Partners LLC purchased a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $247,393,000. Norges Bank purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $192,869,000. Moors & Cabot Inc. purchased a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $250,000. Finally, American Century Companies Inc. boosted its position in Monolithic Power Systems by 187.9% in the 4th quarter. American Century Companies Inc. now owns 368,645 shares of the semiconductor company’s stock worth $181,863,000 after purchasing an additional 240,599 shares in the last quarter. Institutional investors and hedge funds own 96.30% of the company’s stock.

Shares of Monolithic Power Systems stock opened at $409.38 on Thursday. The company has a market capitalization of $19.04 billion, a PE ratio of 80.91, a P/E/G ratio of 2.32 and a beta of 0.91. The company has a 50-day simple moving average of $442.56 and a two-hundred day simple moving average of $473.04. Monolithic Power Systems has a one year low of $301.53 and a one year high of $580.00.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last announced its earnings results on Thursday, February 10th. The semiconductor company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.16. The business had revenue of $336.50 million during the quarter, compared to the consensus estimate of $321.77 million. Monolithic Power Systems had a net margin of 20.04% and a return on equity of 20.92%. The firm’s revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. On average, equities research analysts predict that Monolithic Power Systems will post 7.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, March 30th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.60. Monolithic Power Systems’s dividend payout ratio is 59.29%.

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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