Monolithic Power Systems (NASDAQ:MPWR) Given “Neutral” Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research report sent to investors on Thursday,Benzinga reports. Rosenblatt Securities currently has a $880.00 price objective on the semiconductor company’s stock.

Several other brokerages have also weighed in on MPWR. TD Cowen decreased their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. KeyCorp decreased their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a report on Monday, November 18th. Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price for the company. Finally, Needham & Company LLC reduced their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $820.33.

Monolithic Power Systems Stock Up 1.1 %

Monolithic Power Systems stock opened at $660.90 on Thursday. The business has a 50 day moving average price of $613.54 and a two-hundred day moving average price of $756.52. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a market cap of $32.24 billion, a price-to-earnings ratio of 74.51, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, analysts expect that Monolithic Power Systems will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now directly owns 53,444 shares in the company, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.70% of the stock is currently owned by company insiders.

Institutional Trading of Monolithic Power Systems

Large investors have recently made changes to their positions in the company. Assetmark Inc. grew its stake in Monolithic Power Systems by 6.6% in the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after acquiring an additional 1,082 shares during the period. EULAV Asset Management boosted its holdings in Monolithic Power Systems by 8.6% during the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after purchasing an additional 8,600 shares during the last quarter. Paragon Advisors LLC grew its position in Monolithic Power Systems by 140.6% in the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock valued at $3,034,000 after purchasing an additional 2,997 shares in the last quarter. Empowered Funds LLC increased its stake in Monolithic Power Systems by 29.0% in the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after buying an additional 909 shares during the last quarter. Finally, Perpetual Ltd lifted its position in Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after buying an additional 2,679 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

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.