Monolithic Power Systems (NASDAQ:MPWR) Price Target Raised to $730.00

Monolithic Power Systems (NASDAQ:MPWR - Free Report) had its price target lifted by Wells Fargo & Company from $695.00 to $730.00 in a report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the semiconductor company's stock.

MPWR has been the subject of a number of other research reports. Oppenheimer reiterated an "outperform" rating and set a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday. Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen raised their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. KeyCorp upped their target price on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $802.33.

Monolithic Power Systems Trading Down 0.5%

MPWR stock traded down $3.59 during midday trading on Wednesday, hitting $714.03. The company's stock had a trading volume of 779,677 shares, compared to its average volume of 807,653. The firm's 50-day moving average is $706.91 and its 200-day moving average is $640.22. Monolithic Power Systems has a 12 month low of $438.86 and a 12 month high of $959.64. The company has a market cap of $34.19 billion, a PE ratio of 18.95, a P/E/G ratio of 2.85 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same quarter in the previous year, the business earned $2.81 earnings per share. The company's revenue was up 39.2% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $1.56 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.87%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.

Insider Activity

In other news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the transaction, the chief financial officer directly owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,200 shares of company stock worth $13,046,800 in the last three months. Company insiders own 3.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MPWR. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company's stock worth $3,433,870,000 after acquiring an additional 96,395 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $1,180,104,000 after purchasing an additional 506,430 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Monolithic Power Systems by 7.5% in the first quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company's stock worth $724,589,000 after purchasing an additional 86,853 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Monolithic Power Systems by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after purchasing an additional 5,274 shares during the last quarter. 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.