BidaskClub upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a hold rating to a buy rating in a research report sent to investors on Friday, December 22nd.
Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the stock a buy rating in a research report on Tuesday, November 7th. KeyCorp restated a buy rating and set a $115.00 price objective on shares of Monolithic Power Systems in a research report on Friday, September 1st. Deutsche Bank raised their price objective on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a buy rating in a research report on Tuesday, October 24th. SunTrust Banks initiated coverage on shares of Monolithic Power Systems in a research report on Tuesday, October 10th. They set a buy rating and a $132.00 price objective for the company. Finally, Zacks Investment Research raised shares of Monolithic Power Systems from a sell rating to a hold rating in a report on Wednesday, September 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $129.25.
Shares of Monolithic Power Systems (NASDAQ MPWR) traded up $1.17 during trading hours on Friday, reaching $122.89. 120,748 shares of the company traded hands, compared to its average volume of 222,849. Monolithic Power Systems has a twelve month low of $84.45 and a twelve month high of $126.80. The firm has a market cap of $5,053.44, a P/E ratio of 73.77, a P/E/G ratio of 2.63 and a beta of 1.26.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The business had revenue of $128.90 million during the quarter, compared to the consensus estimate of $126.11 million. During the same period last year, the business posted $0.66 EPS. Monolithic Power Systems’s revenue was up 21.0% on a year-over-year basis. research analysts expect that Monolithic Power Systems will post 1.8 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.65%. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.69%.
In related news, CEO Michael Hsing sold 19,765 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $123.06, for a total value of $2,432,280.90. Following the transaction, the chief executive officer now directly owns 1,125,086 shares of the company’s stock, valued at $138,453,083.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Maurice Sciammas sold 1,693 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were 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 owns 360,395 shares in the company, valued at approximately $41,322,890.70. The disclosure for this sale can be found here. Insiders sold 82,994 shares of company stock worth $10,010,168 over the last three months. 4.00% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of MPWR. Strs Ohio boosted its position in Monolithic Power Systems by 7.4% in the second quarter. Strs Ohio now owns 5,800 shares of the semiconductor company’s stock valued at $559,000 after buying an additional 400 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Monolithic Power Systems by 3.3% during the second quarter. Great West Life Assurance Co. Can now owns 22,804 shares of the semiconductor company’s stock worth $2,196,000 after purchasing an additional 738 shares during the period. Sei Investments Co. lifted its holdings in shares of Monolithic Power Systems by 66.3% during the second quarter. Sei Investments Co. now owns 15,926 shares of the semiconductor company’s stock worth $1,536,000 after purchasing an additional 6,347 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Monolithic Power Systems by 10.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 172,874 shares of the semiconductor company’s stock worth $16,666,000 after purchasing an additional 16,724 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Monolithic Power Systems by 1.3% during the second quarter. Arizona State Retirement System now owns 16,000 shares of the semiconductor company’s stock worth $1,542,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 93.85% of the company’s stock.
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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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