Monolithic Power Systems (NASDAQ:MPWR) Shares Gap Up to $611.37

Monolithic Power Systems, Inc. (NASDAQ:MPWR) gapped up prior to trading on Wednesday . The stock had previously closed at $611.37, but opened at $636.51. Monolithic Power Systems shares last traded at $638.31, with a volume of 96,559 shares.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. KeyCorp upped their price objective on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. TD Cowen lifted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Oppenheimer boosted their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $670.30.

Monolithic Power Systems Stock Performance

The stock’s fifty day simple moving average is $683.86 and its two-hundred day simple moving average is $607.16. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 75.38, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.25 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s payout ratio is currently 57.08%.

Insider Transactions at Monolithic Power Systems

In related news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00. Following the transaction, the chief executive officer now owns 921,774 shares in the company, valued at $554,917,165.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the transaction, the chief financial officer now owns 84,768 shares in the company, valued at approximately $51,137,143.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the sale, the chief executive officer now directly owns 921,774 shares of the company’s stock, valued at $554,917,165.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,077 shares of company stock worth $30,357,479. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MPWR. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after buying an additional 90,589 shares in the last quarter. FMR LLC grew its position in Monolithic Power Systems by 35.0% in the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock valued at $1,655,717,000 after acquiring an additional 929,009 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Monolithic Power Systems by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock valued at $1,154,686,000 after purchasing an additional 43,191 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Monolithic Power Systems by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock worth $666,219,000 after purchasing an additional 3,105 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of Monolithic Power Systems by 4.4% in the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock valued at $648,736,000 after purchasing an additional 43,225 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.