Monolithic Power Systems (NASDAQ:MPWR) Cut to “Hold” at Rosenblatt Securities

Rosenblatt Securities downgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a strong-buy rating to a hold rating in a research report released on Thursday, Zacks.com reports.

MPWR has been the subject of a number of other research reports. Needham & Company LLC lowered their target price on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a report on Thursday. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. TD Cowen cut their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $942.40.

Monolithic Power Systems Trading Up 0.0 %

NASDAQ MPWR opened at $759.37 on Thursday. Monolithic Power Systems has a 12 month low of $459.69 and a 12 month high of $959.64. The stock has a 50-day simple moving average of $897.06 and a 200 day simple moving average of $822.41. The company has a market capitalization of $37.02 billion, a PE ratio of 85.61, a P/E/G ratio of 3.51 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. As a group, sell-side analysts predict that Monolithic Power Systems will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.66%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the transaction, the chief financial officer now owns 64,178 shares in the company, valued at $49,955,513.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael Hsing sold 2,790 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the sale, the chief executive officer now directly owns 865,332 shares of the company’s stock, valued at approximately $673,565,775.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the sale, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,636 shares of company stock worth $36,459,953 over the last quarter. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently bought and sold shares of the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems in the second quarter worth approximately $25,000. RiverPark Advisors LLC acquired a new stake in Monolithic Power Systems during the first quarter worth approximately $27,000. NBC Securities Inc. increased its holdings in Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares during the period. Finally, Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $33,000. 93.46% of the stock is currently owned by 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.