Monolithic Power Systems (NASDAQ:MPWR) Hits New 12-Month High Following Analyst Upgrade

Key Points

• Monolithic Power Systems shares reached a new 52-week high after KeyCorp upgraded their price target from $1,050 to $1,250, with the stock previously closing at $1,001.40.
• The stock has received various ratings: one Strong Buy, nine Buy, and three Hold ratings, leading to a consensus rating of "Moderate Buy" with a price target of $963.18.
• The company recently declared a quarterly dividend of $1.56 per share, representing a 0.6% dividend yield and a 16.25% payout ratio.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday after KeyCorp raised their price target on the stock from $1,050.00 to $1,250.00. KeyCorp currently has an overweight rating on the stock. Monolithic Power Systems traded as high as $1,045.01 and last traded at $1,044.01, with a volume of 11809 shares changing hands. The stock had previously closed at $1,001.40.

Other research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. Wells Fargo & Company upped their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an "equal weight" rating in a research note on Monday. Rosenblatt Securities reaffirmed a "neutral" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, August 1st. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 target price (up from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Finally, Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an "outperform" rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $963.18.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 3,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $750.00, for a total value of $2,250,000.00. Following the completion of the sale, the chief financial officer directly owned 43,939 shares in the company, valued at $32,954,250. This represents a 6.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Zhou sold 400 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $850.00, for a total value of $340,000.00. Following the completion of the sale, the director owned 5,804 shares of the company's stock, valued at approximately $4,933,400. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,542 shares of company stock worth $70,973,777 in the last quarter. 3.40% of the stock is owned by insiders.

Institutional Trading of Monolithic Power Systems

Several large investors have recently added to or reduced their stakes in MPWR. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company's stock worth $4,344,358,000 after purchasing an additional 19,277 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Monolithic Power Systems by 33.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company's stock worth $1,180,104,000 after acquiring an additional 506,430 shares in the last quarter. Invesco Ltd. lifted its stake in Monolithic Power Systems by 7.5% during the 1st quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company's stock worth $724,589,000 after acquiring an additional 86,853 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company's stock worth $626,592,000 after acquiring an additional 227,159 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Monolithic Power Systems by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company's stock worth $506,661,000 after acquiring an additional 105,721 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

The firm has a market cap of $50.34 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 3.83 and a beta of 1.27. The firm has a 50-day moving average price of $898.16 and a two-hundred day moving average price of $753.97.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%.The business had revenue of $664.57 million for the quarter, compared to analyst estimates of $648.74 million. During the same quarter last year, the company earned $3.17 EPS. The business's quarterly revenue was up 31.0% on a year-over-year basis. Monolithic Power Systems has set its Q3 2025 guidance at EPS. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 16.25%.

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.

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