Monolithic Power Systems (NASDAQ:MPWR) Shares Gap Up to $611.37

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $611.37, but opened at $636.51. Monolithic Power Systems shares last traded at $638.31, with a volume of 96,559 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Oppenheimer raised their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. TD Cowen upped their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Needham & Company LLC lifted their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the company a "buy" rating in a report on Thursday, February 8th. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the company a "buy" rating in a research note on Tuesday, December 26th. Finally, KeyCorp lifted their price objective on shares of Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus price target of $670.30.

Monolithic Power Systems Stock Performance

The stock has a market capitalization of $31.25 billion, a P/E ratio of 73.31, a price-to-earnings-growth ratio of 3.21 and a beta of 1.24. The stock has a 50-day simple moving average of $687.40 and a 200 day simple moving average of $606.54.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The business had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Equities analysts predict that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 57.08%.

Insiders Place Their Bets

In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the transaction, the insider now owns 208,580 shares in the company, valued at approximately $141,834,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction on Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the sale, the director now directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deming Xiao sold 859 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the sale, the insider now directly owns 208,580 shares in the company, valued at $141,834,400. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock worth $30,357,479 over the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arlington Capital Management Inc. increased its stake in shares of Monolithic Power Systems by 1.4% during the 1st quarter. Arlington Capital Management Inc. now owns 1,301 shares of the semiconductor company's stock worth $881,000 after purchasing an additional 18 shares during the last quarter. Simplicity Wealth LLC acquired a new position in Monolithic Power Systems during the first quarter worth approximately $744,000. Assenagon Asset Management S.A. raised its stake in Monolithic Power Systems by 12.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,039 shares of the semiconductor company's stock valued at $704,000 after buying an additional 112 shares during the period. Carderock Capital Management Inc. acquired a new stake in shares of Monolithic Power Systems in the first quarter valued at approximately $2,687,000. Finally, Milestone Asset Management LLC bought a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $1,759,000. 93.46% of the stock is 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.