Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average Recommendation of “Moderate Buy” by Brokerages

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $1,074.5833.

Several research firms have issued reports on MPWR. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Truist Financial lifted their target price on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, December 19th. KeyCorp upped their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 27,966 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total value of $24,656,503.56. Following the transaction, the executive vice president directly owned 148,306 shares in the company, valued at approximately $130,755,467.96. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total value of $2,739,660.00. Following the completion of the transaction, the chief financial officer directly owned 37,940 shares of the company’s stock, valued at $34,647,566.80. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,516 shares of company stock worth $80,331,635 in the last three months. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at about $438,014,000. JPMorgan Chase & Co. boosted its holdings in Monolithic Power Systems by 36.1% in the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in Monolithic Power Systems during the 3rd quarter valued at approximately $197,260,000. First Trust Advisors LP raised its holdings in Monolithic Power Systems by 66.4% during the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after purchasing an additional 178,622 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in Monolithic Power Systems by 36.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after purchasing an additional 140,269 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Trading Down 0.2%

Shares of Monolithic Power Systems stock opened at $943.55 on Wednesday. Monolithic Power Systems has a 52 week low of $438.86 and a 52 week high of $1,123.38. The company’s 50-day moving average price is $967.19 and its two-hundred day moving average price is $864.06. The stock has a market cap of $45.21 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.19 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The firm had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same period in the previous year, the firm earned $4.06 earnings per share. Monolithic Power Systems’s quarterly revenue was up 18.9% on a year-over-year basis. On average, equities analysts predict that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 31st. Monolithic Power Systems’s payout ratio is 15.93%.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.