Monolithic Power Systems (NASDAQ:MPWR) Price Target Cut to $880.00 by Analysts at Stifel Nicolaus

Monolithic Power Systems (NASDAQ:MPWR) had its price target reduced by Stifel Nicolaus from $1,100.00 to $880.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Needham & Company LLC boosted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities lowered their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, KeyCorp increased their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $826.17.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $523.58 on Thursday. The business has a fifty day moving average price of $595.76 and a two-hundred day moving average price of $659.80. The stock has a market capitalization of $25.06 billion, a PE ratio of 14.24, a P/E/G ratio of 2.60 and a beta of 1.21. Monolithic Power Systems has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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 20.36% and a net margin of 80.95%. On average, equities analysts expect that Monolithic Power Systems will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $1.56 per share. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.19%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction on Friday, February 7th. The shares were 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 in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MPWR. Tradewinds Capital Management LLC increased its stake in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. raised its holdings in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 51 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $39,000. 93.46% of the stock is owned by institutional investors.

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.