Monolithic Power Systems Inc. (NASDAQ:MPWR)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $66.39, but opened at $66.52. Monolithic Power Systems shares last traded at $67.00, with a volume of 86,044 shares.

A number of brokerages recently commented on MPWR. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Monday, June 6th. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank AG upped their price target on Monolithic Power Systems from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 3rd. Needham & Company LLC reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Tuesday, May 3rd. Finally, Stifel Nicolaus upped their price target on Monolithic Power Systems from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 3rd. One research 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 an average rating of “Buy” and a consensus target price of $71.50.

The firm has a market cap of $2.72 billion and a P/E ratio of 70.24. The company’s 50 day moving average is $67.71 and its 200-day moving average is $62.84.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business earned $84.50 million during the quarter, compared to analysts’ expectations of $82.99 million. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. On average, equities research analysts anticipate that Monolithic Power Systems Inc. will post $2.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.80 annualized dividend and a yield of 1.19%.

In related news, CEO Michael Hsing sold 32,371 shares of Monolithic Power Systems stock in a transaction on Friday, April 8th. The shares were sold at an average price of $63.71, for a total transaction of $2,062,356.41. Following the sale, the chief executive officer now directly owns 1,298,253 shares in the company, valued at approximately $82,711,698.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Deming Xiao sold 7,113 shares of Monolithic Power Systems stock in a transaction on Friday, May 6th. The stock was sold at an average price of $61.89, for a total transaction of $440,223.57. Following the sale, the insider now owns 297,740 shares in the company, valued at $18,427,128.60. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in MPWR. Jennison Associates LLC raised its stake in shares of Monolithic Power Systems by 10.7% in the fourth quarter. Jennison Associates LLC now owns 493,703 shares of the company’s stock valued at $31,454,000 after buying an additional 47,565 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of Monolithic Power Systems by 10.7% in the fourth quarter. State of Wisconsin Investment Board now owns 485,231 shares of the company’s stock valued at $30,914,000 after buying an additional 47,079 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Monolithic Power Systems by 6.6% in the fourth quarter. Wells Fargo & Company MN now owns 417,201 shares of the company’s stock valued at $26,579,000 after buying an additional 25,907 shares in the last quarter. Fiduciary Management Associates LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $17,412,000. Finally, Principal Financial Group Inc. raised its stake in shares of Monolithic Power Systems by 4.3% in the fourth quarter. Principal Financial Group Inc. now owns 244,677 shares of the company’s stock valued at $15,588,000 after buying an additional 10,163 shares in the last quarter.

Monolithic Power Systems, Inc provides integrated power solutions. The Company provides power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS can be contacted through its Website at www.monolithicpower.com or its support offices around the world.

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