Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts rate Monolithic Power Systems a “Moderate Buy”: Twelve of 15 analysts recommend buying the stock, one rates it a strong buy, and two recommend holding. The average 12-month price target is $1,731.42.
• Recent results exceeded expectations: Quarterly EPS came in at $6.50 versus the $5.87 consensus estimate, while revenue rose 47.6% year over year to $980.64 million, above estimates of $903.30 million.
• Shares opened at $1,256.26, below their 50- and 200-day moving averages, with a 52-week range of $800.97 to $1,714.09. Insiders sold $215,945 of stock over the past 90 days, while institutional investors own 93.46% of shares.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $1,731.4167.

Several equities analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Rosenblatt Securities restated a "neutral" rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the stock a "buy" rating in a research report on Thursday, August 20th. Finally, Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares of the company's stock, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the sale, the director owned 515 shares of the company's stock, valued at $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 160 shares of company stock valued at $215,945 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Institutional investors have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC acquired a new position in Monolithic Power Systems during the second quarter worth $35,000. IFP Advisors Inc grew its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 24 shares during the period. Covestor Ltd grew its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 9 shares during the period. Danske Bank A S purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $36,000. Finally, Greenline Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,256.26 on Monday. The stock has a market cap of $61.73 billion, a PE ratio of 77.02 and a beta of 1.69. The business has a 50-day simple moving average of $1,348.06 and a 200-day simple moving average of $1,351.24. Monolithic Power Systems has a 52-week low of $800.97 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same period last year, the company earned $4.21 earnings per share. Monolithic Power Systems's revenue for the quarter was up 47.6% compared to the same quarter last year. Sell-side analysts anticipate that Monolithic Power Systems will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Monolithic Power Systems Company Profile

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.

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