Monolithic Power Systems Inc. (NASDAQ:MPWR) hit a new 52-week high on Monday . The stock traded as high as $71.68 and last traded at $70.89, with a volume of 101,051 shares traded. The stock had previously closed at $70.92.

Several equities research analysts have recently weighed in on MPWR shares. Zacks Investment Research raised Monolithic Power Systems from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 7th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Thursday, April 28th. Stifel Nicolaus raised their target price 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. Needham & Company LLC reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Tuesday, May 3rd. Finally, Deutsche Bank AG raised their target price 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $72.63.

The firm’s 50-day moving average is $68.67 and its 200 day moving average is $63.19. The company has a market cap of $2.86 billion and a P/E ratio of 73.94.

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

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, June 28th.

In related news, CEO Michael Hsing sold 21,094 shares of the stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $61.91, for a total value of $1,305,929.54. Following the completion of the transaction, the chief executive officer now owns 1,245,017 shares of the company’s stock, valued at $77,079,002.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Saria Tseng sold 5,630 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $65.00, for a total value of $365,950.00. Following the completion of the transaction, the vice president now directly owns 280,412 shares of the company’s stock, valued at approximately $18,226,780. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in MPWR. Jennison Associates LLC boosted 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 during the last quarter. Wells Fargo & Company MN boosted 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 during the last quarter. Fiduciary Management Associates LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $17,412,000. Principal Financial Group Inc. boosted 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 during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Monolithic Power Systems by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 152,700 shares of the company’s stock valued at $9,729,000 after buying an additional 3,000 shares during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.