Monolithic Power Systems (NASDAQ:MPWR) Receives Outperform Rating from Oppenheimer

Oppenheimer restated their outperform rating on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research note released on Monday,Benzinga reports. The brokerage currently has a $900.00 price target on the semiconductor company’s stock.

MPWR has been the topic of several other research reports. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $950.00 price target on shares of Monolithic Power Systems in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Loop Capital initiated coverage on Monolithic Power Systems in a report on Monday. They issued a “hold” rating and a $660.00 target price on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $916.73.

Monolithic Power Systems Stock Performance

MPWR stock opened at $647.31 on Monday. The company has a market capitalization of $31.58 billion, a price-to-earnings ratio of 72.98, a price-to-earnings-growth ratio of 3.62 and a beta of 1.15. The business’s 50 day moving average price is $881.04 and its two-hundred day moving average price is $830.41. Monolithic Power Systems has a fifty-two week low of $500.54 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Sell-side analysts forecast that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.77%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the transaction, the executive vice president now owns 20,455 shares of the company’s stock, valued at $19,432,250. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,759 shares of company stock worth $34,985,340 in the last quarter. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several institutional investors have recently made changes to their positions in the business. Assetmark Inc. boosted its stake in Monolithic Power Systems by 6.6% in the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after purchasing an additional 1,082 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Monolithic Power Systems by 19.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after acquiring an additional 9,125 shares during the last quarter. Cetera Investment Advisers lifted its stake in Monolithic Power Systems by 237.3% in the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after purchasing an additional 4,760 shares in the last quarter. Czech National Bank boosted its holdings in shares of Monolithic Power Systems by 9.8% during the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock valued at $7,620,000 after purchasing an additional 824 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Monolithic Power Systems by 224.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after purchasing an additional 1,057 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.