Monolithic Power Systems (NASDAQ:MPWR) Raised to Buy at Loop Capital

Loop Capital upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a hold rating to a buy rating in a research note released on Monday, Marketbeat reports. They currently have $660.00 target price on the semiconductor company’s stock.

Several other brokerages also recently issued reports on MPWR. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $950.00 price target on shares of Monolithic Power Systems in a research note on Tuesday, November 12th. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. KeyCorp raised their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $882.64.

Monolithic Power Systems Trading Up 1.1 %

Shares of MPWR stock opened at $566.04 on Monday. The company has a market cap of $27.61 billion, a PE ratio of 63.82, a P/E/G ratio of 2.79 and a beta of 1.15. The company’s fifty day simple moving average is $839.56 and its 200-day simple moving average is $824.73. Monolithic Power Systems has a 52 week low of $538.00 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Equities research analysts expect that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. This represents a 3.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,359 shares of company stock worth $26,709,571. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its holdings in shares of Monolithic Power Systems by 224.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after acquiring an additional 1,057 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Monolithic Power Systems by 52.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,629 shares of the semiconductor company’s stock valued at $1,104,000 after purchasing an additional 561 shares during the period. Pitcairn Co. boosted its position in shares of Monolithic Power Systems by 11.5% during the first quarter. Pitcairn Co. now owns 2,394 shares of the semiconductor company’s stock worth $1,622,000 after buying an additional 247 shares during the period. Natixis boosted its position in shares of Monolithic Power Systems by 169.1% during the first quarter. Natixis now owns 8,853 shares of the semiconductor company’s stock worth $5,997,000 after buying an additional 5,563 shares during the period. Finally, MQS Management LLC bought a new position in Monolithic Power Systems in the 1st quarter worth approximately $335,000. 93.46% of the stock is currently owned by institutional investors.

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.