Loop Capital Increases Monolithic Power Systems (NASDAQ:MPWR) Price Target to $760.00

Monolithic Power Systems (NASDAQ:MPWR) had its price objective raised by Loop Capital from $660.00 to $760.00 in a research note published on Friday,Benzinga reports. Loop Capital currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company increased their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday. Rosenblatt Securities reissued a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday. Oppenheimer dropped their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday. Finally, TD Cowen lowered their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $866.17.

Monolithic Power Systems Price Performance

MPWR opened at $720.25 on Friday. Monolithic Power Systems has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The company’s 50 day moving average price is $615.56 and its two-hundred day moving average price is $755.86. The firm has a market capitalization of $35.13 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.53 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 for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. As a group, equities research analysts predict that Monolithic Power Systems will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.87%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s payout ratio is presently 13.60%.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

Institutional Trading of Monolithic Power Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of MPWR. Mather Group LLC. increased its position in shares of Monolithic Power Systems by 93.2% during the third quarter. Mather Group LLC. now owns 313 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 151 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Monolithic Power Systems by 7.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 349 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 23 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of Monolithic Power Systems by 15.5% in the third quarter. Atomi Financial Group Inc. now owns 305 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 41 shares during the last quarter. CWM LLC lifted its holdings in shares of Monolithic Power Systems by 37.9% in the third quarter. CWM LLC now owns 2,155 shares of the semiconductor company’s stock valued at $1,992,000 after purchasing an additional 592 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in shares of Monolithic Power Systems by 32.1% during the third quarter. Wedmont Private Capital now owns 885 shares of the semiconductor company’s stock valued at $823,000 after buying an additional 215 shares during the last quarter. 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.