Monolithic Power Systems (NASDAQ:MPWR) Hits New 12-Month High – Here’s Why

Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1,198.00 and last traded at $1,183.7440, with a volume of 2604 shares trading hands. The stock had previously closed at $1,173.22.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MPWR. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Wells Fargo & Company lifted their price target on Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. TD Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Finally, Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $1,135.42.

Monolithic Power Systems Stock Up 0.2%

The company has a market capitalization of $56.34 billion, a PE ratio of 29.88, a PEG ratio of 3.16 and a beta of 1.45. The firm has a 50-day moving average of $984.40 and a two-hundred day moving average of $923.06.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 31st. Monolithic Power Systems’s payout ratio is 15.93%.

Insider Activity

In related news, EVP Saria Tseng sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the sale, the executive vice president owned 187,331 shares in the company, valued at approximately $173,556,551.57. This trade represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total transaction of $89,697.00. Following the completion of the transaction, the director owned 426 shares of the company’s stock, valued at approximately $382,109.22. This trade represents a 19.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 66,976 shares of company stock valued at $60,297,127 in the last three months. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several institutional investors have recently bought and sold shares of MPWR. Stevens Capital Management LP lifted its position in shares of Monolithic Power Systems by 38.9% during the 4th quarter. Stevens Capital Management LP now owns 928 shares of the semiconductor company’s stock valued at $841,000 after buying an additional 260 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Monolithic Power Systems by 5.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 118,703 shares of the semiconductor company’s stock worth $111,143,000 after acquiring an additional 6,371 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Monolithic Power Systems by 1.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,168 shares of the semiconductor company’s stock worth $5,590,000 after acquiring an additional 86 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Monolithic Power Systems by 23.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 312 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 60 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Monolithic Power Systems by 11.0% in the fourth quarter. QRG Capital Management Inc. now owns 6,875 shares of the semiconductor company’s stock valued at $6,231,000 after purchasing an additional 682 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 (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.