Monolithic Power Systems (NASDAQ:MPWR) Shares Gap Down – Here’s What Happened

Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares gapped down before the market opened on Thursday . The stock had previously closed at $561.84, but opened at $525.98. Monolithic Power Systems shares last traded at $502.20, with a volume of 120,985 shares changing hands.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research reports. Citigroup lowered their price target on shares of Monolithic Power Systems from $800.00 to $615.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company lowered their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Needham & Company LLC raised their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Loop Capital boosted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $844.50.

Monolithic Power Systems Trading Up 10.0 %

The firm has a market cap of $25.52 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The firm’s 50 day moving average is $607.94 and its two-hundred day moving average is $668.99.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 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, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.17%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is presently 16.97%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Avantax Advisory Services Inc. lifted its position in shares of Monolithic Power Systems by 0.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock valued at $1,893,000 after buying an additional 14 shares during the last quarter. WP Advisors LLC lifted its holdings in Monolithic Power Systems by 3.2% during the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 16 shares during the last quarter. Allworth Financial LP boosted its position in Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 16 shares during the period. Keybank National Association OH increased its holdings in shares of Monolithic Power Systems by 1.2% in the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock valued at $1,079,000 after purchasing an additional 22 shares during the last quarter. Finally, Truvestments Capital LLC raised its position in shares of Monolithic Power Systems by 5.0% in the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock valued at $273,000 after purchasing an additional 22 shares during the period. 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.