Monolithic Power Systems (NASDAQ:MPWR) Upgraded to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a buy rating to a strong-buy rating in a research note released on Wednesday, BidAskClub reports.

Several other equities analysts have also commented on the stock. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the stock a buy rating in a research report on Tuesday, September 10th. Loop Capital set a $180.00 price objective on shares of Monolithic Power Systems and gave the stock a buy rating in a report on Friday, September 27th. Finally, ValuEngine downgraded shares of Monolithic Power Systems from a buy rating to a hold rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $153.20.

MPWR stock traded up $1.68 during midday trading on Wednesday, reaching $165.04. 310,700 shares of the company’s stock traded hands, compared to its average volume of 327,002. The business has a 50-day moving average price of $150.91 and a two-hundred day moving average price of $143.45. The company has a market capitalization of $7.06 billion, a P/E ratio of 69.05, a PEG ratio of 2.85 and a beta of 1.60. Monolithic Power Systems has a fifty-two week low of $106.50 and a fifty-two week high of $165.08.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. The business had revenue of $168.80 million during the quarter, compared to analyst estimates of $165.00 million. Monolithic Power Systems had a net margin of 16.93% and a return on equity of 15.23%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Equities analysts expect that Monolithic Power Systems will post 2.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, September 27th. Monolithic Power Systems’s payout ratio is currently 66.95%.

In related news, VP Maurice Sciammas sold 29,128 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $155.83, for a total value of $4,539,016.24. Following the completion of the sale, the vice president now owns 388,813 shares of the company’s stock, valued at $60,588,729.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 10,960 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $155.61, for a total transaction of $1,705,485.60. Following the completion of the sale, the chief executive officer now directly owns 1,049,696 shares of the company’s stock, valued at approximately $163,343,194.56. The disclosure for this sale can be found here. Insiders sold 175,946 shares of company stock valued at $27,081,734 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in Monolithic Power Systems by 91.4% in the 2nd quarter. Invesco Ltd. now owns 1,182,914 shares of the semiconductor company’s stock valued at $160,615,000 after acquiring an additional 564,907 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Monolithic Power Systems by 1,125.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 521,543 shares of the semiconductor company’s stock valued at $70,815,000 after acquiring an additional 478,967 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Monolithic Power Systems by 42.3% in the 2nd quarter. Victory Capital Management Inc. now owns 786,534 shares of the semiconductor company’s stock valued at $106,795,000 after acquiring an additional 233,860 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Monolithic Power Systems by 167.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 320,507 shares of the semiconductor company’s stock valued at $43,518,000 after acquiring an additional 200,560 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Monolithic Power Systems by 35.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 718,884 shares of the semiconductor company’s stock valued at $97,610,000 after acquiring an additional 188,991 shares during the last quarter. 96.28% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers 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, monitors, automobiles, and medical equipment.

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