Monolithic Power Systems (NASDAQ:MPWR) Price Target Raised to $1,375.00

Monolithic Power Systems (NASDAQ:MPWR) had its price objective raised by Truist Financial from $1,163.00 to $1,375.00 in a report published on Friday, MarketBeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also issued reports on the stock. Wolfe Research set a $1,200.00 price objective on shares of Monolithic Power Systems and gave the company an “outperform” rating in a research note on Tuesday, October 14th. KeyCorp raised their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Citigroup boosted their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Finally, TD Cowen increased their price objective on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $937.11 on Friday. The company has a market capitalization of $44.89 billion, a P/E ratio of 23.93, a P/E/G ratio of 3.17 and a beta of 1.47. The stock’s 50 day moving average price is $968.42 and its 200 day moving average price is $860.39. Monolithic Power Systems has a 52 week low of $438.86 and a 52 week high of $1,123.38.

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

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $1.56 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is presently 15.93%.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 27,966 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the completion of the sale, the executive vice president owned 148,306 shares in the company, valued at $130,755,467.96. This represents a 15.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 86,516 shares of company stock valued at $80,331,635. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently bought and sold shares of the stock. True Wealth Design LLC increased its holdings in shares of Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 11 shares during the period. SJS Investment Consulting Inc. grew its position in 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 buying an additional 27 shares in the last quarter. WPG Advisers LLC acquired a new stake in Monolithic Power Systems during the first quarter worth about $27,000. NewSquare Capital LLC increased its stake in Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 19 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in Monolithic Power Systems during the third quarter valued at about $33,000. 93.46% of the stock is currently 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.