Monolithic Power Systems (NASDAQ:MPWR) Hits New 52-Week High – Time to Buy?

Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1,256.74 and last traded at $1,267.3410, with a volume of 4806 shares trading hands. The stock had previously closed at $1,191.22.

Analyst Upgrades and Downgrades

MPWR has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Oppenheimer reiterated an “outperform” rating and issued a $1,300.00 target price on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Truist Financial boosted their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,218.42.

Monolithic Power Systems Stock Up 6.5%

The firm has a market cap of $62.29 billion, a PE ratio of 99.56, a price-to-earnings-growth ratio of 2.83 and a beta of 1.48. The stock has a 50 day moving average price of $1,127.56 and a two-hundred day moving average price of $1,023.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 18.33% and a net margin of 22.07%.The business had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same quarter in the previous year, the firm earned $4.09 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $2.00 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is currently 62.79%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the sale, the executive vice president owned 235,932 shares in the company, valued at $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Victor K. Lee sold 400 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the sale, the director owned 27,756 shares in the company, valued at approximately $33,644,712.96. This represents a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 121,084 shares of company stock valued at $137,521,294 over the last quarter. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in Monolithic Power Systems by 43.1% in the fourth quarter. Hsbc Holdings PLC now owns 200,626 shares of the semiconductor company’s stock valued at $182,310,000 after buying an additional 60,414 shares during the last quarter. Stance Capital LLC purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $1,283,000. Forty three Eighteen Advisors LLC purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $1,299,000. Rockefeller Capital Management L.P. lifted its holdings in Monolithic Power Systems by 20.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,789 shares of the semiconductor company’s stock valued at $2,529,000 after acquiring an additional 470 shares during the period. Finally, Worthington Financial Partners LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at approximately $1,724,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.