Analysts Set Monolithic Power Systems, Inc. (NASDAQ:MPWR) Price Target at $882.30

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have received an average recommendation of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $882.30.

A number of research firms have recently commented on MPWR. Raymond James increased their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Truist Financial increased their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, KeyCorp upped their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at $157,510,330.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the transaction, the chief executive officer now directly owns 880,408 shares of the company’s stock, valued at $643,648,680.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now directly owns 202,354 shares in the company, valued at $157,510,330.06. The disclosure for this sale can be found here. Insiders have sold a total of 88,456 shares of company stock valued at $71,350,378 in the last three months. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of Monolithic Power Systems

Several large investors have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its position in shares of Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 12 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 12 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its position in shares of Monolithic Power Systems by 0.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after acquiring an additional 14 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 15 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in Monolithic Power Systems by 2.8% in the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 6.7 %

Shares of NASDAQ MPWR opened at $920.69 on Friday. The company has a fifty day moving average price of $822.05 and a 200 day moving average price of $739.30. Monolithic Power Systems has a 1-year low of $392.10 and a 1-year high of $925.90. The firm has a market cap of $44.82 billion, a PE ratio of 109.16, a PEG ratio of 3.92 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same period in the prior year, the business posted $2.05 EPS. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts forecast that Monolithic Power Systems will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.25 dividend. The ex-dividend date was Friday, June 28th. This represents a $5.00 annualized dividend and a yield of 0.54%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Monolithic Power Systems Company Profile

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.