Monolithic Power Systems (NASDAQ:MPWR) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Monolithic Power Systems (NASDAQ:MPWR) from a buy rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

MPWR has been the subject of several other reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings cut shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Truist Financial lifted their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,217.80 on Friday. Monolithic Power Systems has a fifty-two week low of $833.18 and a fifty-two week high of $1,714.09. The firm has a fifty day moving average price of $1,300.54 and a two-hundred day moving average price of $1,352.29. The company has a market cap of $59.84 billion, a PE ratio of 74.67 and a beta of 1.66.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the previous year, the firm posted $4.21 EPS. The business’s revenue was up 47.6% compared to the same quarter last year. Analysts expect that Monolithic Power Systems will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the sale, the director directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 160 shares of company stock worth $215,945. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently bought and sold shares of the business. Fideuram Asset Management Ireland dac bought a new position in shares of Monolithic Power Systems in the fourth quarter worth about $3,983,000. Baker Avenue Asset Management LP grew its stake in shares of Monolithic Power Systems by 436.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock valued at $2,884,000 after purchasing an additional 2,589 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $1,283,000. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $658,656,000. Finally, IFM Investors Pty Ltd bought a new position in Monolithic Power Systems in the 1st quarter worth approximately $10,462,000. 93.46% of the stock is currently owned by institutional investors.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ:MPWR) designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.

The company’s portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.