Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $1,074.5833.

Several brokerages have weighed in on MPWR. Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Truist Financial increased their price objective on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Finally, Citigroup raised their price objective on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,033.17 on Friday. The company has a market capitalization of $49.50 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.93 and a beta of 1.45. The company’s fifty day moving average price is $942.52 and its 200-day moving average price is $894.16. Monolithic Power Systems has a one year low of $438.86 and a one year high of $1,123.38.

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

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $1.56 per share. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is presently 15.93%.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $940.47, for a total transaction of $2,821,410.00. Following the transaction, the chief financial officer directly owned 68,332 shares of the company’s stock, valued at $64,264,196.04. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Victor K. Lee sold 600 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $930.86, for a total value of $558,516.00. Following the completion of the sale, the director owned 27,967 shares in the company, valued at approximately $26,033,361.62. This represents a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,276 shares of company stock valued at $64,784,323 in the last quarter. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors have recently modified their holdings of the company. Perigon Wealth Management LLC increased its stake in Monolithic Power Systems by 18.0% during the fourth quarter. Perigon Wealth Management LLC now owns 675 shares of the semiconductor company’s stock worth $612,000 after acquiring an additional 103 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $9,516,000. Linden Thomas Advisory Services LLC lifted its position in shares of Monolithic Power Systems by 0.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 4,233 shares of the semiconductor company’s stock worth $3,837,000 after purchasing an additional 29 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Monolithic Power Systems by 12.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,699 shares of the semiconductor company’s stock valued at $4,259,000 after acquiring an additional 522 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $311,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.