In yesterday’s Wall Street session, Monolithic Power Systems Inc. (NASDAQ:MPWR) shares traded at $493.72, up 1.53% from the previous session.
As of this writing, 14 analysts cover Monolithic Power Systems Inc. (NASDAQ:MPWR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $620.00 and a low of $505.00, we find $550.00. Given the previous closing price of $486.30, this indicates a potential upside of 13.1 percent. MPWR stock price is now 10.58% away from the 50-day moving average and 18.52% away from the 200-day moving average. The market capitalization of the company currently stands at $24.02B.
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There are 1 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $552.55 as their price target over the next twelve months.
With the price target of $475, Credit Suisse recently initiated with Outperform rating for Monolithic Power Systems Inc. (NASDAQ: MPWR). On November 11, 2022, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $435, while ‘Needham’ rates the stock as ‘Buy’.
In other news, BLEGEN THEODORE, CFO sold 5,000 shares of the company’s stock on Feb 16. The stock was sold for $2,605,650 at an average price of $521.13. Upon completion of the transaction, the CFO now directly owns 132,042 shares in the company, valued at $65.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15, Sr. V.P.of Sales and Marketing Sciammas Maurice sold 13,000 shares of the business’s stock. A total of $6,754,010 was realized by selling the stock at an average price of $519.54. This leaves the insider owning 205,334 shares of the company worth $101.38 million. Insiders disposed of 508,106 shares of company stock worth roughly $250.86 million over the past 1 year. A total of 3.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MPWR stock. A new stake in Monolithic Power Systems Inc. shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $236,051,000. CAPITAL RESEARCH GLOBAL INVESTORS invested $221,114,000 in shares of MPWR during the first quarter. In the first quarter, KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC acquired a new stake in Monolithic Power Systems Inc. valued at approximately $79,519,000. WESTFIELD CAPITAL MANAGEMENT CO LP acquired a new stake in MPWR for approximately $59,012,000. KCL CAPITAL, L.P. purchased a new stake in MPWR valued at around $24,686,000 in the second quarter.
Tuesday morning saw Monolithic Power Systems Inc. (NASDAQ: MPWR) opened at $497.94. During the past 12 months, Monolithic Power Systems Inc. has had a low of $301.69 and a high of $541.39. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.40, and a quick ratio of 3.70. The fifty day moving average price for MPWR is $449.30 and a two-hundred day moving average price translates $417.03 for the stock.
The latest earnings results from Monolithic Power Systems Inc. (NASDAQ: MPWR) was released for Dec, 2022. According to the Semiconductors Company, earnings per share came in at $3.17, beating analysts’ expectations of $3.14 by 0.03. This compares to $1.51 EPS in the same period last year. The net profit margin was 24.40% and return on equity was 29.40% for MPWR. The company reported revenue of $460.01 million for the quarter, compared to $336.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.7 percent. For the current quarter, analysts expect MPWR to generate $450.11M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2023. Investors who held shares on 03/31/2023 were paid a $1.00 dividend. On an annualized basis, this represents a $4.00 dividend and a 0.81% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend. In terms of dividend payout ratio, MPWR is presently at 30.40%.
Monolithic Power Systems Inc.(MPWR) Company Profile
Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment. It also offers lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in notebook computers, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors and value-added resellers, as well as directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers in China, Taiwan, Europe, South Korea, Southeast Asia, Japan, the United States, and internationally. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.
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