Monolithic Power Systems - MPWR Stock Forecast, Price & News

Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment. It also offers lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in notebook computers, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors and value-added resellers, as well as directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers in China, Taiwan, Europe, South Korea, Southeast Asia, Japan, the United States, and internationally. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Monolithic Power Systems from $457.00 to $530.00 in a research report on Tuesday, August 2nd. Oppenheimer upped their price target on shares of Monolithic Power Systems from $500.00 to $550.00 in a research report on Tuesday, August 2nd. Cowen upped their price target on shares of Monolithic Power Systems from $550.00 to $600.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 2nd. Finally, Raymond James reduced their price target on shares of Monolithic Power Systems from $600.00 to $570.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus target price of $569.70.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR traded down $10.91 on Wednesday, hitting $520.50. 424,235 shares of the stock were exchanged, compared to its average volume of 497,612. The stock has a market capitalization of $24.35 billion, a price-to-earnings ratio of 74.68, a P/E/G ratio of 2.24 and a beta of 1.10. Monolithic Power Systems has a 52 week low of $348.02 and a 52 week high of $580.00. The company's 50-day moving average price is $437.50 and its 200 day moving average price is $435.34.

Monolithic Power Systems (NASDAQ:MPWR - Get Rating) last announced its quarterly earnings results on Monday, August 1st. The semiconductor company reported $3.25 EPS for the quarter, beating analysts' consensus estimates of $2.94 by $0.31. The company had revenue of $461.00 million during the quarter, compared to analysts' expectations of $430.59 million. Monolithic Power Systems had a return on equity of 26.57% and a net margin of 22.40%. Monolithic Power Systems's revenue was up 57.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS. As a group, equities research analysts predict that Monolithic Power Systems will post 9.59 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.58%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 43.04%.

Insider Activity

In other news, insider Deming Xiao sold 4,515 shares of the company's stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $361.58, for a total value of $1,632,533.70. Following the completion of the sale, the insider now directly owns 282,074 shares of the company's stock, valued at approximately $101,992,316.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Maurice Sciammas sold 1,633 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $525.95, for a total transaction of $858,876.35. Following the completion of the sale, the vice president now directly owns 214,535 shares of the company's stock, valued at approximately $112,834,683.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Deming Xiao sold 4,515 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $361.58, for a total value of $1,632,533.70. Following the sale, the insider now directly owns 282,074 shares of the company's stock, valued at $101,992,316.92. The disclosure for this sale can be found here. Insiders sold a total of 41,780 shares of company stock valued at $18,613,077 in the last ninety days. 2.00% of the stock is owned by insiders.