Monolithic Power Systems (NASDAQ:MPWR) Shares Gap Up to $611.37

Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $611.37, but opened at $636.51. Monolithic Power Systems shares last traded at $638.31, with a volume of 96,559 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on MPWR. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. TD Cowen boosted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. KeyCorp increased their price target on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Oppenheimer lifted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $670.30.

Monolithic Power Systems Stock Performance

The stock’s 50-day moving average is $683.86 and its two-hundred day moving average is $607.16. The stock has a market cap of $32.13 billion, a PE ratio of 75.38, a PEG ratio of 3.44 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.25 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s payout ratio is currently 57.08%.

Insider Transactions at Monolithic Power Systems

In related news, insider Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the transaction, the insider now owns 208,580 shares in the company, valued at $141,834,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the sale, the director now owns 6,269 shares in the company, valued at approximately $4,705,323.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Deming Xiao sold 859 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the sale, the insider now directly owns 208,580 shares in the company, valued at approximately $141,834,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,077 shares of company stock valued at $30,357,479. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Monolithic Power Systems

A number of large investors have recently made changes to their positions in the company. Arlington Trust Co LLC lifted its stake in Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 23 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 3rd quarter worth $43,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth $43,000. EverSource Wealth Advisors LLC increased its holdings in Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 15 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in Monolithic Power Systems by 137.0% in the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 63 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages 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 direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.