Monolithic Power Systems (NASDAQ:MPWR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a hold rating to a buy rating in a report published on Saturday.

A number of other equities analysts also recently weighed in on MPWR. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Wells Fargo & Company boosted their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.

Monolithic Power Systems Trading Down 1.5%

MPWR stock opened at $1,381.10 on Friday. Monolithic Power Systems has a one year low of $795.82 and a one year high of $1,714.09. The firm has a 50-day moving average of $1,411.62 and a two-hundred day moving average of $1,331.43. The firm has a market capitalization of $67.87 billion, a PE ratio of 84.68 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same period last year, the firm posted $4.21 earnings per share. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.05%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. This represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 25,141 shares of company stock valued at $40,472,815. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Monolithic Power Systems in the second quarter worth $7,727,289,000. Corient Private Wealth LLC boosted its holdings in Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Norges Bank acquired a new stake in Monolithic Power Systems in the 4th quarter worth $658,656,000. Royal Bank of Canada increased its holdings in shares of Monolithic Power Systems by 168.1% during the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after purchasing an additional 296,788 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares during the period. 93.46% of the stock is 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.