Monolithic Power Systems Inc. (NASDAQ:MPWR) hit a new 52-week high on Monday . The company traded as high as $73.13 and last traded at $72.99, with a volume of 188,471 shares trading hands. The stock had previously closed at $72.08.

A number of brokerages recently weighed in on MPWR. Deutsche Bank AG raised their target price on shares of Monolithic Power Systems from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 3rd. Oppenheimer Holdings Inc. lifted their price target on shares of Monolithic Power Systems from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 3rd. Needham & Company LLC reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Tuesday, May 3rd. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, July 14th. Finally, Zacks Investment Research raised shares of Monolithic Power Systems from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $72.63.

The stock has a market cap of $2.95 billion and a PE ratio of 76.26. The stock has a 50-day moving average of $69.09 and a 200 day moving average of $63.57.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. During the same quarter in the prior year, the business posted $0.46 earnings per share. The company had revenue of $94.10 million for the quarter, compared to analysts’ expectations of $93.08 million. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, equities analysts forecast that Monolithic Power Systems Inc. will post $2.26 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.09%. The ex-dividend date was Tuesday, June 28th.

In other Monolithic Power Systems news, VP Saria Tseng sold 5,630 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $65.00, for a total value of $365,950.00. Following the sale, the vice president now directly owns 280,412 shares of the company’s stock, valued at $18,226,780. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Deming Xiao sold 7,113 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $61.89, for a total value of $440,223.57. Following the completion of the sale, the insider now directly owns 297,740 shares in the company, valued at $18,427,128.60. The disclosure for this sale can be found here.

Other hedge funds have modified their holdings of the company. State of Tennessee Treasury Department acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $1,790,000. Advisors Asset Management Inc. raised its stake in shares of Monolithic Power Systems by 14.3% in the fourth quarter. Advisors Asset Management Inc. now owns 29,468 shares of the company’s stock worth $1,877,000 after buying an additional 3,690 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Monolithic Power Systems by 101.3% in the fourth quarter. First Trust Advisors LP now owns 38,850 shares of the company’s stock worth $2,475,000 after buying an additional 19,554 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Monolithic Power Systems by 7.2% in the fourth quarter. Rhumbline Advisers now owns 53,414 shares of the company’s stock worth $3,403,000 after buying an additional 3,580 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Monolithic Power Systems by 11.6% in the fourth quarter. New York State Common Retirement Fund now owns 68,407 shares of the company’s stock worth $4,358,000 after buying an additional 7,090 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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