Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have garnered a unanimous “Buy” rating from the ten analysts covering the firm, according to Marketbeat Ratings. The average twelve-month price objective among these analysts stands at $912.30. Recent reports from research firms, including Oppenheimer, Raymond James, KeyCorp, Deutsche Bank Aktiengesellschaft, and TD Cowen, have all expressed positive sentiments towards the stock.
Institutional investors and hedge funds have also shown interest in Monolithic Power Systems, with several buying and selling shares of the company. Dynamic Advisor Solutions LLC increased its holdings by 3.8% during the second quarter, while Evergreen Capital Management LLC raised its stake by 1.4% in the same period. Other firms, such as Baader Bank Aktiengesellschaft, EverSource Wealth Advisors LLC, and Valeo Financial Advisors LLC, have also reported increased holdings.
Despite the positive ratings and institutional interest, Monolithic Power Systems’ stock experienced a 4.2% decline, opening at $806.31 on Thursday. The stock has a 50-day moving average of $854.23 and a 200-day moving average of $765.72. Monolithic Power Systems has a 52-week low of $392.10 and a 52-week high of $959.64. The company has a market capitalization of $39.25 billion, a price-to-earnings ratio of 96.10, a P/E/G ratio of 4.32, and a beta of 1.12.
Monolithic Power Systems recently announced its quarterly earnings results, reporting earnings per share of $3.17 for the quarter, surpassing analysts’ consensus estimates of $3.07. The company also posted a return on equity of 20.24% and a net margin of 21.70%. Its revenue for the quarter reached $507.40 million, exceeding analyst estimates of $490.66 million. Monolithic Power Systems’ revenue increased by 15.0% compared to the same quarter last year. Analysts predict that the company will post 10.41 EPS for the current year.
Additionally, Monolithic Power Systems paid a quarterly dividend of $1.25 per share on July 15th to shareholders of record on June 28th. The company’s payout ratio stands at 59.59%.
Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for various markets, including storage and computing, automotive, enterprise data, consumer, communications, and industrial sectors. The company specializes in providing direct current (DC) to DC integrated circuits (ICs) used to convert and control voltages in electronic systems.