Monolithic Power Systems (MPWR) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a hold rating to a buy rating in a research note released on Friday morning.

Several other research firms have also commented on MPWR. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the company a buy rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Monolithic Power Systems from a hold rating to a strong-buy rating and set a $140.00 price objective on the stock in a research note on Thursday, November 2nd. Oppenheimer upped their price objective on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an outperform rating in a research note on Friday, October 27th. KeyCorp reissued a buy rating and set a $125.00 price objective on shares of Monolithic Power Systems in a research note on Friday, October 27th. Finally, Deutsche Bank upped their price objective on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a buy rating in a research note on Tuesday, October 24th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Monolithic Power Systems currently has a consensus rating of Buy and a consensus target price of $129.25.

Shares of Monolithic Power Systems (MPWR) opened at $113.17 on Friday. The company has a market cap of $4,680.00, a P/E ratio of 69.86, a PEG ratio of 3.52 and a beta of 1.25. Monolithic Power Systems has a 1 year low of $81.36 and a 1 year high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The business had revenue of $128.90 million for the quarter, compared to analyst estimates of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. research analysts expect that Monolithic Power Systems will post 1.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, December 28th. Monolithic Power Systems’s payout ratio is 49.38%.

In other news, VP Saria Tseng sold 4,998 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $125.62, for a total value of $627,848.76. Following the completion of the sale, the vice president now owns 266,726 shares of the company’s stock, valued at $33,506,120.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Maurice Sciammas sold 1,693 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $114.66, for a total transaction of $194,119.38. Following the completion of the sale, the vice president now directly owns 360,395 shares of the company’s stock, valued at approximately $41,322,890.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,994 shares of company stock worth $11,636,168. 4.00% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Monolithic Power Systems by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,118,538 shares of the semiconductor company’s stock valued at $300,627,000 after purchasing an additional 85,754 shares in the last quarter. State Street Corp grew its holdings in Monolithic Power Systems by 3.7% during the 2nd quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock valued at $131,351,000 after purchasing an additional 48,013 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in Monolithic Power Systems by 4.1% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,210,304 shares of the semiconductor company’s stock valued at $128,958,000 after purchasing an additional 47,751 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in Monolithic Power Systems by 4.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,017,256 shares of the semiconductor company’s stock valued at $98,063,000 after purchasing an additional 46,077 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in Monolithic Power Systems by 0.4% during the 3rd quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock valued at $105,312,000 after purchasing an additional 3,973 shares in the last quarter. 93.85% of the stock is owned by institutional investors.

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Monolithic Power Systems Company Profile

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.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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