Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $1,705.82 Consensus Target Price from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $1,705.8182.

A number of brokerages recently commented on MPWR. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,425.01 on Thursday. The stock has a market cap of $70.02 billion, a price-to-earnings ratio of 87.37 and a beta of 1.69. The firm’s 50-day moving average is $1,401.86 and its two-hundred day moving average is $1,336.19. Monolithic Power Systems has a 1 year low of $800.97 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating 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 business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same quarter in the previous year, the business posted $4.21 EPS. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. On average, equities analysts expect that Monolithic Power Systems will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Saria Tseng sold 7,565 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares in the company, valued at approximately $245,170,600. This represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. The trade was a 2.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,141 shares of company stock worth $40,472,815 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Fund Management LLC raised its stake in Monolithic Power Systems by 2.7% in the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 7 shares during the last quarter. Covestor Ltd lifted its position in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares during the period. Bell Investment Advisors Inc lifted its position in Monolithic Power Systems by 23.7% during the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 9 shares during the period. Resonant Capital Advisors LLC grew its stake in Monolithic Power Systems by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in Monolithic Power Systems by 1.4% during the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after purchasing an additional 10 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.