Monolithic Power Systems (NASDAQ:MPWR) Sets New 12-Month High – Should You Buy?
by Jessica Moore · The Cerbat GemMonolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report)’s stock price hit a new 52-week high on Monday . The stock traded as high as $1,479.23 and last traded at $1,463.8160, with a volume of 635499 shares changing hands. The stock had previously closed at $1,468.35.
Analysts Set New Price Targets
Several brokerages recently weighed in on MPWR. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Oppenheimer reiterated an “outperform” rating and issued a $1,300.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Finally, Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,235.08.
Check Out Our Latest Analysis on Monolithic Power Systems
Monolithic Power Systems Stock Performance
The stock has a market cap of $71.92 billion, a price-to-earnings ratio of 115.08, a PEG ratio of 3.72 and a beta of 1.48. The company’s 50 day simple moving average is $1,160.18 and its 200 day simple moving average is $1,049.24.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. The company had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.09 EPS. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.
Monolithic Power Systems Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is presently 62.79%.
Insider Buying and Selling
In other news, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at $276,314,121.12. The trade was a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the transaction, the executive vice president directly owned 178,625 shares in the company, valued at $209,198,455. This represents a 11.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 137,683 shares of company stock worth $158,138,447. 3.40% of the stock is owned by insiders.
Hedge Funds Weigh In On Monolithic Power Systems
Several hedge funds have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC grew its stake in shares of Monolithic Power Systems by 23.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 481 shares of the semiconductor company’s stock worth $526,000 after purchasing an additional 91 shares during the last quarter. OP Asset Management Ltd purchased a new position in shares of Monolithic Power Systems in the first quarter worth approximately $18,504,000. Banque Cantonale Vaudoise increased its position in shares of Monolithic Power Systems by 24.9% in the first quarter. Banque Cantonale Vaudoise now owns 2,213 shares of the semiconductor company’s stock worth $2,420,000 after acquiring an additional 441 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Monolithic Power Systems by 5.7% in the first quarter. Assenagon Asset Management S.A. now owns 1,651 shares of the semiconductor company’s stock worth $1,805,000 after acquiring an additional 89 shares in the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
About Monolithic Power Systems
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.