Monolithic Power Systems (NASDAQ:MPWR) Price Target Cut to $570.00 by Analysts at Raymond James

Monolithic Power Systems (NASDAQ:MPWRGet Rating) had its target price decreased by Raymond James from $600.00 to $570.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Raymond James currently has an outperform rating on the semiconductor company’s stock.

Several other equities research analysts have also weighed in on the company. Cowen lifted their price objective on Monolithic Power Systems from $550.00 to $600.00 and gave the stock an outperform rating in a report on Tuesday. Cowen lifted their price objective on Monolithic Power Systems from $550.00 to $600.00 and gave the stock an outperform rating in a report on Tuesday. KeyCorp lifted their price objective on Monolithic Power Systems from $570.00 to $580.00 and gave the stock an overweight rating in a report on Tuesday. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $500.00 to $550.00 and gave the stock a buy rating in a report on Tuesday. Finally, Truist Financial decreased their price objective on Monolithic Power Systems from $568.00 to $545.00 in a report on Friday, April 8th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $569.70.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $530.96 on Tuesday. Monolithic Power Systems has a 1 year low of $348.02 and a 1 year high of $580.00. The firm has a market cap of $24.77 billion, a PE ratio of 76.18, a P/E/G ratio of 2.32 and a beta of 1.10. The stock has a fifty day moving average price of $425.34 and a 200-day moving average price of $426.82.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last announced its earnings results on Monday, August 1st. The semiconductor company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.31. Monolithic Power Systems had a return on equity of 26.57% and a net margin of 22.40%. The firm had revenue of $461.00 million during the quarter, compared to analyst estimates of $430.59 million. During the same period last year, the firm posted $1.17 EPS. The business’s revenue was up 57.2% compared to the same quarter last year. As a group, equities analysts anticipate that Monolithic Power Systems will post 8.72 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 43.04%.

Insider Activity

In other news, insider Deming Xiao sold 4,515 shares of Monolithic Power Systems stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $361.58, for a total transaction of $1,632,533.70. Following the completion of the sale, the insider now owns 282,074 shares in the company, valued at approximately $101,992,316.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Theodore Blegen sold 950 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $361.58, for a total value of $343,501.00. Following the completion of the sale, the chief financial officer now owns 129,043 shares in the company, valued at approximately $46,659,367.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deming Xiao sold 4,515 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $361.58, for a total value of $1,632,533.70. Following the completion of the sale, the insider now owns 282,074 shares of the company’s stock, valued at approximately $101,992,316.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,458 shares of company stock worth $7,922,989. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Monolithic Power Systems

A number of hedge funds have recently bought and sold shares of MPWR. Glassman Wealth Services lifted its position in Monolithic Power Systems by 58.5% in the 2nd quarter. Glassman Wealth Services now owns 65 shares of the semiconductor company’s stock worth $25,000 after buying an additional 24 shares during the last quarter. Achmea Investment Management B.V. bought a new stake in Monolithic Power Systems in the 1st quarter worth approximately $27,000. Lindbrook Capital LLC lifted its position in Monolithic Power Systems by 75.6% in the 2nd quarter. Lindbrook Capital LLC now owns 72 shares of the semiconductor company’s stock worth $28,000 after buying an additional 31 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Monolithic Power Systems by 102.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 91 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 46 shares during the period. Finally, Clear Street Markets LLC increased its stake in Monolithic Power Systems by 384.2% in the 2nd quarter. Clear Street Markets LLC now owns 92 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 73 shares during the period. Institutional investors own 94.02% of the company’s stock.

About Monolithic Power Systems

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Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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