TD Cowen Boosts Monolithic Power Systems (NASDAQ:MPWR) Price Target to $675.00

Monolithic Power Systems (NASDAQ:MPWR - Free Report) had its price objective upped by TD Cowen from $600.00 to $675.00 in a research note released on Friday, MarketBeat reports. The brokerage currently has a buy rating on the semiconductor company's stock.

Other equities analysts have also issued research reports about the stock. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. KeyCorp lifted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, Loop Capital boosted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $779.83.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $3.31 during midday trading on Friday, hitting $626.30. The stock had a trading volume of 140,003 shares, compared to its average volume of 970,520. The firm has a market cap of $29.99 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company's 50-day simple moving average is $570.02 and its 200 day simple moving average is $626.86.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company's revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.81 earnings per share. Equities analysts expect that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $1.56 per share. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.00%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.56%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its holdings in Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management bought a new position in Monolithic Power Systems during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at $29,000. West Oak Capital LLC lifted its position in shares of Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 545 shares during the period. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares in the last quarter. Institutional investors 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.