Monolithic Power Systems Inc. (NASDAQ:MPWR)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $75.65 and last traded at $75.02, with a volume of 154,313 shares traded. The stock had previously closed at $74.29.

Several equities analysts recently issued reports on MPWR shares. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Monolithic Power Systems in a report on Thursday, April 28th. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, May 3rd. Needham & Company LLC reissued a “buy” rating on shares of Monolithic Power Systems in a report on Tuesday, May 3rd. Deutsche Bank AG lifted their price target on shares of Monolithic Power Systems from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 3rd. Finally, Zacks Investment Research raised shares of 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $73.63.

The company has a 50 day moving average of $71.61 and a 200 day moving average of $65.25. The firm has a market capitalization of $3.05 billion and a P/E ratio of 72.46.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Monday, July 25th. The company reported $0.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The business earned $94.10 million during the quarter, compared to analyst estimates of $93.08 million. The company’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. On average, equities analysts expect that Monolithic Power Systems Inc. will post $2.26 earnings per share for the current year.

In other Monolithic Power Systems news, Director Victor K. Lee sold 10,000 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $65.44, for a total transaction of $654,400.00. Following the sale, the director now directly owns 27,796 shares in the company, valued at $1,818,970.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Hsing sold 16,998 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $73.42, for a total transaction of $1,247,993.16. Following the sale, the chief executive officer now owns 1,173,174 shares in the company, valued at $86,134,435.08. The disclosure for this sale can be found here.

Other large investors have recently made changes to their positions in the company. Jennison Associates LLC increased 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 worth $31,454,000 after buying an additional 47,565 shares during the last quarter. Advisors Asset Management Inc. increased 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 during the last quarter. Principal Financial Group Inc. increased 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 worth $15,588,000 after buying an additional 10,163 shares during the last quarter. Wells Fargo & Company MN increased 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 worth $26,579,000 after buying an additional 25,907 shares during the last quarter. Finally, New York State Common Retirement Fund increased 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 during the last quarter.

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.

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