Monolithic Power Systems (NASDAQ:MPWR) Lowered to Hold Rating by Rosenblatt Securities

Rosenblatt Securities cut shares of Monolithic Power Systems (NASDAQ:MPWR) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

Several other analysts have also recently issued reports on the company. Needham & Company LLC cut their target price on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a research report on Thursday. TD Cowen cut their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday. KeyCorp raised their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Truist Financial restated a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, Raymond James raised their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $942.40.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded up $0.07 during trading on Thursday, hitting $759.37. 1,018,146 shares of the company’s stock were exchanged, compared to its average volume of 545,448. Monolithic Power Systems has a 52-week low of $459.69 and a 52-week high of $959.64. The business’s 50-day simple moving average is $897.06 and its 200 day simple moving average is $822.41. The company has a market cap of $37.02 billion, a price-to-earnings ratio of 85.61, a PEG ratio of 4.25 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 21.00% and a net margin of 21.29%. The business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. On average, sell-side analysts anticipate that Monolithic Power Systems will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 728 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the transaction, the chief financial officer now owns 64,178 shares in the company, valued at approximately $49,955,513.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the sale, the chief financial officer now directly owns 64,178 shares of the company’s stock, valued at approximately $49,955,513.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,636 shares of company stock worth $36,459,953. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently modified their holdings of the business. Atria Investments Inc raised its position in Monolithic Power Systems by 11.3% during the 3rd quarter. Atria Investments Inc now owns 2,967 shares of the semiconductor company’s stock valued at $2,743,000 after purchasing an additional 301 shares in the last quarter. Lindbrook Capital LLC raised its position in Monolithic Power Systems by 24.1% during the 3rd quarter. Lindbrook Capital LLC now owns 165 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 32 shares in the last quarter. Assetmark Inc. raised its position in Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Monolithic Power Systems during the 3rd quarter valued at $65,000. Finally, Lewis Asset Management LLC raised its position in Monolithic Power Systems by 14.7% during the 3rd quarter. Lewis Asset Management LLC now owns 484 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 62 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.