Analysts Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) PT at $1,218.42

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has earned an average rating of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $1,218.4167.

Several equities analysts have weighed in on MPWR shares. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a report on Thursday, January 29th. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Citigroup boosted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,191.22 on Friday. Monolithic Power Systems has a 1-year low of $438.86 and a 1-year high of $1,256.22. The company has a market capitalization of $58.51 billion, a P/E ratio of 93.50, a P/E/G ratio of 2.83 and a beta of 1.48. The firm’s 50 day simple moving average is $1,127.56 and its two-hundred day simple moving average is $1,023.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The business had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same quarter in the previous year, the firm earned $4.09 earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, sell-side analysts anticipate that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is presently 62.79%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 22,875 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. The trade was a 8.84% 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, EVP Saria Tseng sold 25,674 shares of the business’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the completion of the transaction, the executive vice president directly owned 174,982 shares in the company, valued at $176,819,311. This trade represents a 12.80% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 121,084 shares of company stock valued at $137,521,294. 3.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC raised its stake in Monolithic Power Systems by 43.1% during the fourth quarter. Hsbc Holdings PLC now owns 200,626 shares of the semiconductor company’s stock valued at $182,310,000 after purchasing an additional 60,414 shares in the last quarter. Stance Capital LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at $1,283,000. Forty three Eighteen Advisors LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at $1,299,000. Rockefeller Capital Management L.P. raised its stake in Monolithic Power Systems by 20.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,789 shares of the semiconductor company’s stock valued at $2,529,000 after purchasing an additional 470 shares in the last quarter. Finally, Worthington Financial Partners LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at $1,724,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.