Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives $1,074.58 Consensus Target Price from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $1,074.5833.

MPWR has been the topic of a number of research analyst reports. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a report on Monday, September 29th. Truist Financial lifted their target price on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Wells Fargo & Company upped their price target on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Finally, Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 20,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the completion of the sale, the executive vice president directly owned 187,331 shares in the company, valued at approximately $173,556,551.57. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $940.47, for a total value of $2,821,410.00. Following the transaction, the chief financial officer owned 68,332 shares in the company, valued at approximately $64,264,196.04. This represents a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 69,976 shares of company stock valued at $63,370,417. 3.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently modified their holdings of MPWR. True Wealth Design LLC boosted its holdings in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares during the period. SJS Investment Consulting Inc. lifted its position in shares of Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. NewSquare Capital LLC boosted its stake in shares of Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 19 shares during the period. Salomon & Ludwin LLC acquired a new stake in Monolithic Power Systems during the 3rd quarter valued at $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Monolithic Power Systems during the 4th quarter worth $34,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Down 1.2%

Shares of NASDAQ:MPWR opened at $1,063.74 on Friday. The firm has a market cap of $50.96 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 3.00 and a beta of 1.45. The stock’s 50-day moving average price is $953.51 and its two-hundred day moving average price is $904.63. Monolithic Power Systems has a 12-month low of $438.86 and a 12-month high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same period in the prior year, the firm posted $4.06 EPS. The company’s revenue was up 18.9% on a year-over-year basis. As a group, research analysts forecast that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, December 31st. Monolithic Power Systems’s payout ratio is currently 15.93%.

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.