Monolithic Power Systems Inc. (NASDAQ:MPWR)’s share price traded down 2.1% during mid-day trading on Tuesday . The company traded as low as $71.03 and last traded at $71.66, with a volume of 551,318 shares. The stock had previously closed at $73.21.

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, May 3rd. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $72.00 price target for the company in a report on Thursday, May 5th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Monolithic Power Systems in a report on Thursday, April 28th. Deutsche Bank AG raised their price target on Monolithic Power Systems from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 3rd. Finally, Needham & Company LLC restated a “buy” rating on shares of Monolithic Power Systems in a report on Tuesday, May 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Monolithic Power Systems currently has a consensus rating of “Buy” and an average target price of $72.63.

The stock has a 50-day moving average of $69.10 and a 200 day moving average of $63.62. The stock has a market cap of $2.97 billion and a price-to-earnings ratio of 76.86.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Monday, July 25th. The company reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The firm earned $94.10 million during the quarter, compared to analysts’ expectations of $93.08 million. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. Equities analysts anticipate that Monolithic Power Systems Inc. will post $2.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, June 28th.

In related news, insider Deming Xiao sold 7,113 shares of the business’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $61.89, for a total value of $440,223.57. Following the transaction, the insider now owns 297,740 shares in the company, valued at approximately $18,427,128.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Maurice Sciammas sold 6,318 shares of the business’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $61.91, for a total value of $391,147.38. Following the completion of the transaction, the vice president now owns 370,945 shares in the company, valued at approximately $22,965,204.95. The disclosure for this sale can be found here.

A number of institutional investors recently modified their holdings of the stock. California Public Employees Retirement System boosted its position 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 period. Rhumbline Advisers boosted its position in Monolithic Power Systems by 7.2% in the fourth quarter. Rhumbline Advisers now owns 53,414 shares of the company’s stock valued at $3,403,000 after buying an additional 3,580 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Monolithic Power Systems by 14.3% in the fourth quarter. Advisors Asset Management Inc. now owns 29,468 shares of the company’s stock valued at $1,877,000 after buying an additional 3,690 shares during the last quarter. New York State Common Retirement Fund boosted its position in 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 valued at $4,358,000 after buying an additional 7,090 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in 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.

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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