Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) has received a consensus rating of “Buy” from the ten brokerages that cover the company, MarketBeat reports. Ten equities analysts have given the stock a Buy rating. The average 1-year price target among analysts that have covered the stock in the last year is $882.30.
Several research analysts have recently commented on MPWR shares. Needham & Company LLC increased their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Rosenblatt Securities increased their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. KeyCorp increased their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Oppenheimer increased their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Finally, Wells Fargo & Company raised their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd.
Get our latest research report on MPWR
Monolithic power systems – price-performance ratio
MPWR stock opened at $823.00 on Friday. The company has a 50-day moving average price of $815.28 and a 200-day moving average price of $733.72. The company has a market cap of $40.06 billion, a P/E ratio of 98.09, a PEG ratio of 3.92 and a beta of 1.11. Monolithic Power Systems has a 1-year low of $392.10 and a 1-year high of $891.67.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its earnings results on Thursday, August 1. The semiconductor company reported earnings per share (EPS) of $3.17 for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. In the same quarter last year, the company generated earnings per share of $2.05. The company’s quarterly revenue grew 15.0% compared to the same quarter last year. On average, analysts expect Monolithic Power Systems to report earnings per share of $10.37 for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.25. This represents a dividend of $5.00 on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’ dividend payout ratio (DPR) is 59.59%.
Insider buying and selling at Monolithic Power Systems
In related news, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction that occurred on Monday, May 20. The shares were sold at an average price of $750.00, for a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 6,069 shares of the company’s stock, valued at approximately $4,551,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Deming Xiao sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 22. The shares were sold at an average price of $769.40, for a total transaction of $1,000,220.00. Following the completion of the sale, the executive vice president now directly owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Zhou sold 200 shares of the company’s stock on Monday, May 20th. The shares were sold at an average price of $750.00, for a total value of $150,000.00. Following the completion of the sale, the director now owns 6,069 shares of the company’s stock, valued at approximately $4,551,750. The disclosure for this sale can be found here. Insiders have sold 84,279 shares of the company’s stock during the last quarter, valued at $68,090,365. 3.20% of the shares are owned by company insiders.
Institutional trading in monolithic power systems
A number of institutional investors have recently bought and sold shares of the company. Bleakley Financial Group LLC increased its position in Monolithic Power Systems by 9.8% during the fourth quarter. Bleakley Financial Group LLC now owns 1,118 shares of the semiconductor company’s stock worth $705,000 after purchasing an additional 100 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Monolithic Power Systems by 38,510.1% during the fourth quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock worth $48,222,000 after purchasing an additional 76,250 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $1,300,000. Cerity Partners LLC increased its holdings in Monolithic Power Systems by 30.8% during the 4th quarter. Cerity Partners LLC now owns 878 shares of the semiconductor company’s stock valued at $554,000 after purchasing an additional 207 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Monolithic Power Systems by 4.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 613 shares of the semiconductor company’s stock valued at $387,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Monolithic Power Systems Company Profile
(Get free report
Monolithic Power Systems, Inc. is engaged 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 DC-to-DC integrated circuits (ICs) used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, artificial intelligence server applications, storage applications, commercial notebooks, digital cockpits, power sources, home appliances, 4G and 5G infrastructure and satellite communications applications.
Recommended Stories
Get daily news and reviews about Monolithic Power Systems – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Monolithic Power Systems and related companies with MarketBeat.com’s FREE daily email newsletter.
