Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $76.77 and last traded at $76.45, with a volume of 99,298 shares traded. The stock had previously closed at $75.29.

Several research firms have recently weighed in on MPWR. Deutsche Bank AG lifted their target price on shares of Monolithic Power Systems from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 3rd. Oppenheimer Holdings Inc. lifted their target price 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 reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Tuesday, May 3rd. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $72.00 target price for the company in a research note on Thursday, May 5th. Finally, Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, May 3rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Monolithic Power Systems presently has a consensus rating of “Buy” and an average target price of $73.63.

The company’s 50-day moving average price is $72.88 and its 200-day moving average price is $65.95. The stock has a market capitalization of $3.11 billion and a P/E ratio of 73.81.

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

In other Monolithic Power Systems news, insider Deming Xiao sold 7,114 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $72.66, for a total transaction of $516,903.24. Following the transaction, the insider now owns 284,286 shares in the company, valued at approximately $20,656,220.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Saria Tseng sold 5,653 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $75.25, for a total transaction of $425,388.25. Following the transaction, the vice president now owns 274,112 shares in the company, valued at approximately $20,626,928. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Monolithic Power Systems stock. Principal Financial Group Inc. increased its stake in shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 244,677 shares of the company’s stock after buying an additional 10,163 shares during the period. Principal Financial Group Inc. owned approximately 0.62% of Monolithic Power Systems worth $15,588,000 at the end of the most recent 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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