Monolithic Power Systems (NASDAQ:MPWR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Monolithic Power Systems (NASDAQ:MPWR – Get Rating) in a research note released on Thursday morning. The firm issued a hold rating on the semiconductor company’s stock.

MPWR has been the subject of several other research reports. Rosenblatt Securities reiterated a buy rating and set a $620.00 target price on shares of Monolithic Power Systems in a research note on Thursday, February 9th. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $450.00 to $525.00 and gave the company a buy rating in a research note on Thursday, February 9th. Truist Financial boosted their target price on shares of Monolithic Power Systems from $533.00 to $608.00 and gave the company a buy rating in a research note on Thursday, February 9th. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $435.00 to $515.00 and gave the company an overweight rating in a research note on Thursday, February 9th. Finally, Credit Suisse Group boosted their target price on shares of Monolithic Power Systems from $475.00 to $580.00 and gave the company an outperform rating in a research note on Thursday, February 9th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $542.09.

Monolithic Power Systems Trading Down 1.9 %

Shares of NASDAQ:MPWR opened at $488.31 on Thursday. The company has a fifty day simple moving average of $461.19 and a 200 day simple moving average of $402.92. The firm has a market cap of $23.10 billion, a PE ratio of 54.02, a price-to-earnings-growth ratio of 1.93 and a beta of 1.14. Monolithic Power Systems has a 12-month low of $301.69 and a 12-month high of $541.39.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a dividend of $1.00 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $4.00 annualized dividend and a dividend yield of 0.82%. Monolithic Power Systems’s payout ratio is 33.19%.

Insider Buying and Selling

In related news, CEO Michael Hsing sold 22,483 shares of the company’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $462.41, for a total value of $10,396,364.03. Following the completion of the sale, the chief executive officer now owns 1,067,449 shares of the company’s stock, valued at $493,599,092.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Theodore Blegen sold 1,884 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $344.96, for a total value of $649,904.64. Following the completion of the sale, the chief financial officer now owns 121,803 shares of the company’s stock, valued at $42,017,162.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 22,483 shares of the company’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $462.41, for a total transaction of $10,396,364.03. Following the completion of the sale, the chief executive officer now directly owns 1,067,449 shares of the company’s stock, valued at approximately $493,599,092.09. The disclosure for this sale can be found here. Insiders sold 101,605 shares of company stock valued at $45,013,975 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Guardian Wealth Advisors LLC bought a new stake in Monolithic Power Systems in the third quarter worth about $27,000. Achmea Investment Management B.V. bought a new stake in Monolithic Power Systems in the first quarter worth about $27,000. Heritage Wealth Management LLC bought a new stake in Monolithic Power Systems in the second quarter worth about $28,000. Private Trust Co. NA raised its position in Monolithic Power Systems by 111.1% in the third quarter. Private Trust Co. NA now owns 76 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 40 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in Monolithic Power Systems in the third quarter worth about $32,000. 96.42% of the stock is currently owned by institutional investors.

About Monolithic Power Systems

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.