Monolithic Power Systems (NASDAQ:MPWR) Given “Outperform” Rating at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research note published on Friday morning,Benzinga reports. The firm currently has a $800.00 target price on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Rosenblatt Securities reduced their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company cut their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday. KeyCorp lifted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Finally, Needham & Company LLC raised their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Trading Down 3.0 %

Shares of NASDAQ MPWR opened at $590.98 on Friday. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a 50 day moving average of $636.30 and a 200-day moving average of $707.52. The company has a market capitalization of $28.29 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Analysts predict that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.06%. Monolithic Power Systems’s payout ratio is presently 16.97%.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MPWR. Tradewinds Capital Management LLC increased its holdings in Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $29,000. West Oak Capital LLC increased its stake in shares of Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 545 shares during the period. Finally, Itau Unibanco Holding S.A. raised its holdings in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 51 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.