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.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded down $14.04 during mid-day trading on Thursday, hitting $517.97. 418,254 shares of the company's stock traded hands, compared to its average volume of 500,480. Monolithic Power Systems has a 1 year low of $348.02 and a 1 year high of $580.00. The company has a market capitalization of $24.24 billion, a P/E ratio of 76.33, a PEG ratio of 2.13 and a beta of 1.10. The company's 50-day moving average is $431.35 and its two-hundred day moving average is $430.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Rating) last posted its quarterly earnings data on Monday, August 1st. The semiconductor company reported $3.25 EPS for the quarter, topping the consensus estimate of $2.94 by $0.31. Monolithic Power Systems had a net margin of 22.40% and a return on equity of 26.57%. The business had revenue of $461.00 million during the quarter, compared to the consensus estimate of $430.59 million. During the same period in the previous year, the firm posted $1.17 earnings per share. The business's revenue for the quarter was up 57.2% compared to the same quarter last year. Equities analysts anticipate that Monolithic Power Systems will post 9.59 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $3.00 annualized dividend and a yield of 0.58%. Monolithic Power Systems's payout ratio is 43.04%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Oppenheimer raised their price target on Monolithic Power Systems from $500.00 to $550.00 in a report on Tuesday, August 2nd. Cowen lifted their target price on Monolithic Power Systems from $550.00 to $600.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 2nd. Needham & Company LLC boosted their price target on 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 lifted their price objective on Monolithic Power Systems from $457.00 to $530.00 in a report on Tuesday, August 2nd. Finally, KeyCorp boosted their price target on Monolithic Power Systems from $570.00 to $580.00 and gave the stock an "overweight" rating in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $569.70.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, VP Maurice Sciammas sold 5,184 shares of the company's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $529.61, for a total transaction of $2,745,498.24. Following the completion of the transaction, the vice president now owns 216,168 shares in the company, valued at approximately $114,484,734.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 11,495 shares of the business's stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.57, for a total value of $4,156,247.15. Following the sale, the chief executive officer now directly owns 1,026,928 shares in the company, valued at $371,306,356.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Maurice Sciammas sold 5,184 shares of the business's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $529.61, for a total value of $2,745,498.24. Following the sale, the vice president now owns 216,168 shares in the company, valued at approximately $114,484,734.48. The disclosure for this sale can be found here. Insiders have sold 32,272 shares of company stock worth $13,609,534 in the last ninety days. 2.00% of the stock is owned by insiders.