Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1,705.8182.

MPWR has been the topic of a number of research analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. KeyCorp boosted their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Rosenblatt Securities restated a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st.

Monolithic Power Systems Trading Up 0.8%

Shares of MPWR opened at $1,345.45 on Thursday. The company’s 50-day moving average price is $1,423.62 and its 200 day moving average price is $1,324.10. Monolithic Power Systems has a 12-month low of $785.00 and a 12-month high of $1,714.09. The firm has a market cap of $66.10 billion, a P/E ratio of 82.49 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same quarter last year, the firm posted $4.21 earnings per share. Monolithic Power Systems’s revenue was up 47.6% compared to the same quarter last year. Equities research analysts forecast that Monolithic Power Systems will post 20.66 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 49.05%.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares of the company’s stock, valued at $6,384,000. This trade represents a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 25,141 shares of company stock valued at $40,472,815. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems in the 4th quarter valued at approximately $34,000. IFP Advisors Inc increased its position in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd increased its position in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth $38,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 28 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.