Monolithic Power Systems (NASDAQ:MPWR) Shares Climb 13.3% – Time to Buy?

Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s share price shot up 13.3% during trading on Monday. The stock traded as high as $1,336.27 and last traded at $1,348.8750. 237,168 shares were traded during trading, a decline of 69% from the average session volume of 755,601 shares. The stock had previously closed at $1,190.44.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MPWR. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Oppenheimer reduced their price objective on Monolithic Power Systems from $1,700.00 to $1,500.00 and set an “outperform” rating for the company in a research report on Friday, October 23rd. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,783.77.

Monolithic Power Systems Stock Down 2.2%

The stock has a market capitalization of $66.21 billion, a price-to-earnings ratio of 74.96 and a beta of 1.71. The company’s 50-day simple moving average is $1,271.82 and its 200 day simple moving average is $1,318.84.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.79 by $0.40. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.16 billion. Monolithic Power Systems had a net margin of 23.85% and a return on equity of 25.23%. Monolithic Power Systems’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.73 EPS. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 23.72 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, October 15th. Stockholders of record on Wednesday, September 30th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 44.17%.

Insider Activity

In related news, Director Kuo Wei Chang sold 50 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.60% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its holdings in shares of Monolithic Power Systems by 1,418.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,038 shares of the semiconductor company’s stock worth $5,440,000 after purchasing an additional 3,772 shares in the last quarter. Generate Investment Management Ltd increased its position in shares of Monolithic Power Systems by 45.8% during the third quarter. Generate Investment Management Ltd now owns 5,719 shares of the semiconductor company’s stock valued at $7,705,000 after purchasing an additional 1,797 shares during the period. Baird Financial Group Inc. increased its position in shares of Monolithic Power Systems by 10.3% during the second quarter. Baird Financial Group Inc. now owns 81,895 shares of the semiconductor company’s stock valued at $113,210,000 after purchasing an additional 7,624 shares during the period. Westwind Capital acquired a new position in shares of Monolithic Power Systems in the third quarter valued at $1,784,000. Finally, Wedmont Private Capital raised its stake in shares of Monolithic Power Systems by 68.0% in the third quarter. Wedmont Private Capital now owns 2,006 shares of the semiconductor company’s stock valued at $2,748,000 after purchasing an additional 812 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

About Monolithic Power Systems

Monolithic Power Systems, Inc. (MPS) designs, develops and markets semiconductor-based power management solutions. Its products include power management integrated circuits, DC-to-DC converters, power modules, battery chargers, LED drivers and motor drivers, which help control and convert electrical power in electronic systems. The company’s products serve a range of markets, including computing and data storage, automotive, communications, consumer electronics and industrial applications. MPS sells to customers around the world through direct sales and distribution channels.