Monolithic Power Systems (NASDAQ:MPWR) Reaches New 52-Week High – What’s Next?

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $1,256.74 and last traded at $1,267.3410, with a volume of 4806 shares. The stock had previously closed at $1,191.22.

Analyst Upgrades and Downgrades

Several research firms have commented on MPWR. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,300.00 target price on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Finally, Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. One investment 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Stock Up 1.6%

The firm has a market cap of $65.54 billion, a P/E ratio of 104.73, a PEG ratio of 3.32 and a beta of 1.48. The firm’s fifty day moving average is $1,133.60 and its two-hundred day moving average is $1,027.26.

Monolithic Power Systems (NASDAQ:MPWR) last released 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. The business had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.09 earnings per share. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm 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 dividend of $2.00 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 62.79%.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 21,725 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 transaction of $25,443,451.00. Following the sale, the chief financial officer owned 82,353 shares in the company, valued at approximately $96,448,539.48. The trade was a 20.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Saria Tseng sold 7,636 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $1,167.95, for a total transaction of $8,918,466.20. Following the sale, the executive vice president owned 165,946 shares in the company, valued at approximately $193,816,630.70. This trade represents a 4.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 128,720 shares of company stock worth $146,439,761. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Monolithic Power Systems

A number of hedge funds have recently modified their holdings of MPWR. True Wealth Design LLC boosted 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 valued at $26,000 after buying an additional 11 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $34,000. Finally, IFP Advisors Inc boosted its holdings in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.