Monolithic Power Systems (NASDAQ:MPWR) Shares Gap Down – Here’s What Happened

Monolithic Power Systems, Inc. (NASDAQ:MPWR) gapped down before the market opened on Thursday . The stock had previously closed at $561.84, but opened at $525.98. Monolithic Power Systems shares last traded at $502.20, with a volume of 120,985 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MPWR shares. Citigroup decreased their target price on shares of Monolithic Power Systems from $800.00 to $615.00 and set a “buy” rating for the company in a research report on Friday. Loop Capital raised their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company cut their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. KeyCorp lifted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Oppenheimer reissued an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $844.50.

Monolithic Power Systems Stock Performance

The stock has a market capitalization of $25.52 billion, a PE ratio of 14.50, a P/E/G ratio of 2.60 and a beta of 1.21. The firm has a 50 day moving average of $607.94 and a 200-day moving average of $668.99.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.17%. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $493,807,000. GAMMA Investing LLC boosted its holdings in Monolithic Power Systems by 76,432.3% during the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company’s stock valued at $451,418,000 after purchasing an additional 777,316 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after purchasing an additional 328,203 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $140,795,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Monolithic Power Systems by 16.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock worth $904,297,000 after buying an additional 214,395 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

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.