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

MPWR has been the topic of several recent analyst reports. 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. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Thursday, April 28th. 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. Needham & Company LLC reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Tuesday, May 3rd. Finally, Zacks Investment Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $73.63.

The stock has a market capitalization of $3.04 billion and a price-to-earnings ratio of 72.19. The company’s 50-day moving average is $71.80 and its 200 day moving average is $65.34.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly 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. During the same quarter in the previous year, the company posted $0.46 EPS. The company had revenue of $94.10 million for the quarter, compared to analysts’ expectations of $93.08 million. The business’s quarterly revenue was up 15.5% on a year-over-year basis. On average, equities research analysts forecast that Monolithic Power Systems Inc. will post $2.26 EPS for the current fiscal year.

In related news, CEO Michael Hsing sold 21,094 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $72.66, for a total transaction of $1,532,690.04. Following the sale, the chief executive officer now owns 1,208,497 shares in the company, valued at approximately $87,809,392.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Victor K. Lee sold 10,000 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $65.44, for a total value of $654,400.00. Following the sale, the director now owns 27,796 shares in the company, valued at approximately $1,818,970.24. The disclosure for this sale can be found here.

Other hedge funds recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake 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 increased its position 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 valued at $4,358,000 after buying an additional 7,090 shares during the period. Principal Financial Group Inc. increased its position 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 period. Wells Fargo & Company MN increased its position 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 period. Finally, Jennison Associates LLC increased its position 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 period.

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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