Monolithic Power Systems (NASDAQ:MPWR) Now Covered by Loop Capital

Loop Capital began coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research note issued to investors on Monday, MarketBeat reports. The brokerage issued a hold rating and a $660.00 target price on the semiconductor company’s stock.

MPWR has been the topic of several other reports. 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 report on Friday, August 2nd. KeyCorp raised their price objective 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. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Needham & Company LLC decreased their target price on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $916.73.

Monolithic Power Systems Stock Down 6.6 %

Monolithic Power Systems stock opened at $601.47 on Monday. The firm has a market cap of $29.34 billion, a price-to-earnings ratio of 67.81, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15. Monolithic Power Systems has a 52 week low of $523.64 and a 52 week high of $959.64. The business’s 50-day moving average price is $866.42 and its 200 day moving average price is $828.49.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Equities analysts expect that Monolithic Power Systems will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.83%. Monolithic Power Systems’s payout ratio is 56.37%.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems 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 transaction, the chief financial officer now owns 61,678 shares in the company, valued at approximately $55,769,247.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the sale, the executive vice president now owns 20,455 shares in the company, valued at $19,432,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 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 value of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,359 shares of company stock worth $36,209,571. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Monolithic Power Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new stake in Monolithic Power Systems in the second quarter valued at $25,000. NBC Securities Inc. raised its position in Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC raised its position in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the period. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems in the second quarter valued at $33,000. Finally, Crewe Advisors LLC raised its position in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

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.