Monolithic Power Systems (NASDAQ:MPWR) Trading Down 5.5% – What’s Next?

Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s share price dropped 5.5% during mid-day trading on Tuesday . The stock traded as low as $1,140.01 and last traded at $1,139.90. Approximately 101,032 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 645,489 shares. The stock had previously closed at $1,206.18.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MPWR shares. Truist Financial upped their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $1,300.00 target price on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the company an “outperform” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Finally, KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Stock Down 6.1%

The firm’s 50 day simple moving average is $1,010.01 and its two-hundred day simple moving average is $939.19. The stock has a market cap of $54.23 billion, a P/E ratio of 88.68, a price-to-earnings-growth ratio of 3.45 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The business had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. During the same period in the prior year, the firm earned $4.09 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 48.98%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 3,976 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $895.23, for a total value of $3,559,434.48. Following the completion of the sale, the executive vice president directly owned 144,330 shares of the company’s stock, valued at approximately $129,208,545.90. This represents a 2.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total transaction of $89,697.00. Following the completion of the transaction, the director directly owned 426 shares in the company, valued at $382,109.22. This represents a 19.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 69,776 shares of company stock worth $63,489,045. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of Monolithic Power Systems

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after acquiring an additional 134,087 shares in the last quarter. State Street Corp increased its stake in Monolithic Power Systems by 0.7% in the 3rd quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after purchasing an additional 14,670 shares in the last quarter. Geode Capital Management LLC raised its holdings in Monolithic Power Systems by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after buying an additional 44,583 shares during the period. JPMorgan Chase & Co. lifted its stake in Monolithic Power Systems by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after buying an additional 6,503 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Monolithic Power Systems in the fourth quarter worth about $658,656,000. 93.46% of the stock is currently owned by institutional investors.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.