Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average 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 stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $1,218.4167.

Several research firms have commented on MPWR. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Weiss Ratings lowered shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. KeyCorp boosted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Citigroup upped their target price on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, February 9th.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,118.49 on Friday. Monolithic Power Systems has a 1 year low of $438.86 and a 1 year high of $1,256.22. The stock has a market cap of $54.94 billion, a price-to-earnings ratio of 87.79, a PEG ratio of 2.83 and a beta of 1.48. The business has a fifty day moving average of $1,122.31 and a 200-day moving average of $1,015.33.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 business had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.09 earnings per share. On average, equities research analysts predict that Monolithic Power Systems will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 62.79%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $1,095.07, for a total transaction of $32,852.10. Following the completion of the transaction, the executive vice president owned 1,269 shares of the company’s stock, valued at $1,389,643.83. This trade represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president directly owned 235,932 shares in the company, valued at approximately $276,314,121.12. The trade was a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 119,654 shares of company stock valued at $135,900,873. 3.40% of the stock is currently owned by insiders.

Institutional Trading of Monolithic Power Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its stake in Monolithic Power Systems by 43.1% during the fourth quarter. Hsbc Holdings PLC now owns 200,626 shares of the semiconductor company’s stock valued at $182,310,000 after purchasing an additional 60,414 shares during the last quarter. Stance Capital LLC acquired a new position in Monolithic Power Systems in the fourth quarter worth approximately $1,283,000. Forty three Eighteen Advisors LLC acquired a new position in Monolithic Power Systems in the fourth quarter worth approximately $1,299,000. Rockefeller Capital Management L.P. increased its holdings in shares of Monolithic Power Systems by 20.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,789 shares of the semiconductor company’s stock valued at $2,529,000 after buying an additional 470 shares in the last quarter. Finally, Worthington Financial Partners LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $1,724,000. 93.46% of the stock is currently owned by institutional investors.

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.