Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $114.00.
MPWR has been the topic of several research reports. Pacific Crest reiterated an “overweight” rating and issued a $110.00 price target on shares of Monolithic Power Systems in a research report on Wednesday, June 21st. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price target (up from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Tuesday, May 2nd. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Deutsche Bank AG restated a “buy” rating and set a $97.00 price objective (up previously from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th.
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Shares of Monolithic Power Systems (NASDAQ MPWR) traded up 0.63% during midday trading on Monday, hitting $101.10. 158,673 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $100.75 and its 200-day moving average is $94.57. Monolithic Power Systems has a 1-year low of $71.60 and a 1-year high of $107.87. The stock has a market cap of $4.18 billion, a PE ratio of 71.30 and a beta of 1.23.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. During the same period in the previous year, the business earned $0.54 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts predict that Monolithic Power Systems will post $2.87 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.80 annualized dividend and a yield of 0.79%. Monolithic Power Systems’s payout ratio is presently 56.74%.
In other news, insider Deming Xiao sold 5,352 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $93.64, for a total value of $501,161.28. Following the transaction, the insider now owns 286,725 shares in the company, valued at approximately $26,848,929. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Hsing sold 19,766 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $101.96, for a total value of $2,015,341.36. Following the completion of the transaction, the chief executive officer now owns 1,174,800 shares in the company, valued at approximately $119,782,608. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,573 shares of company stock worth $11,947,693. Corporate insiders own 4.00% of the company’s stock.
Several institutional investors have recently modified their holdings of MPWR. Sawtooth Solutions LLC increased its position in shares of Monolithic Power Systems by 0.9% in the second quarter. Sawtooth Solutions LLC now owns 2,519 shares of the semiconductor company’s stock worth $243,000 after buying an additional 23 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Monolithic Power Systems by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,054 shares of the semiconductor company’s stock valued at $742,000 after buying an additional 34 shares during the last quarter. First National Bank of Hutchinson boosted its stake in shares of Monolithic Power Systems by 0.8% in the second quarter. First National Bank of Hutchinson now owns 4,744 shares of the semiconductor company’s stock valued at $498,000 after buying an additional 36 shares during the last quarter. Miles Capital Inc. boosted its stake in shares of Monolithic Power Systems by 1.7% in the first quarter. Miles Capital Inc. now owns 2,704 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 45 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its stake in shares of Monolithic Power Systems by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 3,740 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 45 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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