Monolithic Power Systems (NASDAQ:MPWR) PT Raised to $725.00

Monolithic Power Systems (NASDAQ:MPWR - Free Report) had its price target raised by Wells Fargo & Company from $715.00 to $725.00 in a report issued on Thursday morning, Benzinga reports. They currently have an overweight rating on the semiconductor company's stock.

Other analysts have also recently issued reports about the company. Oppenheimer boosted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Needham & Company LLC reiterated a buy rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday. TD Cowen upped their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an outperform rating in a research report on Thursday, February 8th. Finally, KeyCorp upped their price target on Monolithic Power Systems to $850.00 and gave the company an overweight rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $716.90.

Monolithic Power Systems Price Performance

Shares of MPWR traded up $60.30 on Thursday, reaching $712.89. 1,200,535 shares of the stock traded hands, compared to its average volume of 546,064. The firm has a market cap of $34.70 billion, a price-to-earnings ratio of 81.38, a P/E/G ratio of 3.58 and a beta of 1.21. Monolithic Power Systems has a 12 month low of $383.19 and a 12 month high of $778.15. The stock's 50-day moving average price is $679.13 and its 200-day moving average price is $613.79.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. As a group, equities research analysts forecast that Monolithic Power Systems will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a yield of 0.70%. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.00. Monolithic Power Systems's payout ratio is currently 57.08%.

Insiders Place Their Bets

In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the business's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $584,120.00. Following the transaction, the insider now owns 208,580 shares of the company's stock, valued at $141,834,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the business's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $584,120.00. Following the transaction, the insider now owns 208,580 shares of the company's stock, valued at $141,834,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeff Zhou sold 200 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the transaction, the director now directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,577 shares of company stock valued at $24,033,249. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently made changes to their positions in MPWR. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the first quarter valued at $31,000. Arlington Trust Co LLC lifted its stake in shares of Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 23 shares during the period. Operose Advisors LLC acquired a new position in shares of Monolithic Power Systems during the third quarter valued at $43,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Monolithic Power Systems by 23.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

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.