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 research note released on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently weighed in on MPWR. Arete Research set a $2,013.00 price target on Monolithic Power Systems and gave the stock a “buy” rating in a report on Thursday, August 20th. Weiss Ratings downgraded shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Truist Financial lifted their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems Trading Up 2.8%

Shares of MPWR opened at $1,479.89 on Friday. Monolithic Power Systems has a 12 month low of $833.18 and a 12 month high of $1,714.09. The stock has a fifty day moving average price of $1,305.20 and a 200-day moving average price of $1,377.41. The firm has a market cap of $72.73 billion, a PE ratio of 90.74 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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 return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same period in the previous year, the business earned $4.21 EPS. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. As a group, research analysts forecast that Monolithic Power Systems will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% 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, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 130 shares of company stock worth $175,397 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors have recently bought and sold shares of the business. Eastern Bank boosted its holdings in shares of Monolithic Power Systems by 8.0% in the 3rd quarter. Eastern Bank now owns 108 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 8 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Monolithic Power Systems by 2.2% during the third quarter. Versant Capital Management Inc now owns 693 shares of the semiconductor company’s stock worth $934,000 after purchasing an additional 15 shares during the last quarter. Burkett Financial Services LLC acquired a new position in Monolithic Power Systems during the third quarter valued at $70,000. Andra AP fonden lifted its position in Monolithic Power Systems by 134.3% during the second quarter. Andra AP fonden now owns 785 shares of the semiconductor company’s stock valued at $1,085,000 after purchasing an additional 450 shares during the period. Finally, State Street Corp boosted its holdings in Monolithic Power Systems by 4.3% in the second quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock valued at $3,159,219,000 after purchasing an additional 93,732 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.