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

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $1,218.4167.

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Truist Financial increased their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a report on Friday, February 6th. KeyCorp boosted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday. Finally, Rosenblatt Securities increased their price objective on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Victor K. Lee sold 400 shares of Monolithic Power Systems stock in a transaction on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the sale, the director directly owned 27,756 shares in the company, valued at approximately $33,644,712.96. The trade was a 1.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the sale, the chief financial officer directly owned 82,353 shares in the company, valued at $96,448,539.48. This trade represents a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 98,550 shares of company stock valued at $114,256,090 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC lifted its stake in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after acquiring an additional 1,993,576 shares during the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $658,656,000. Invesco Ltd. increased its stake in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Monolithic Power Systems by 77,483.1% during the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Monolithic Power Systems by 56.6% in the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after purchasing an additional 253,653 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,023.16 on Monday. The business has a 50 day simple moving average of $1,087.09 and a 200 day simple moving average of $987.16. Monolithic Power Systems has a 52-week low of $438.86 and a 52-week high of $1,256.22. The stock has a market cap of $50.26 billion, a price-to-earnings ratio of 80.31, a PEG ratio of 2.59 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.09 earnings per share. On average, analysts predict that Monolithic Power Systems will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is 48.98%.

Monolithic Power Systems Company Profile

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.