Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $77.74 and last traded at $77.66, with a volume of 269,320 shares changing hands. The stock had previously closed at $76.72.

MPWR has been the subject of several recent research reports. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Monolithic Power Systems in a research report on Monday, June 6th. Needham & Company LLC restated a “buy” rating and set a $76.00 target price (up from $68.00) on shares of Monolithic Power Systems in a research report on Wednesday, July 27th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, July 14th. Finally, Zacks Investment Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Monolithic Power Systems presently has a consensus rating of “Buy” and an average price target of $73.63.

The company has a market capitalization of $3.14 billion and a PE ratio of 74.74. The firm has a 50-day moving average price of $73.64 and a 200 day moving average price of $66.53.

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

In other Monolithic Power Systems news, VP Saria Tseng sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $72.66, for a total transaction of $459,211.20. Following the completion of the transaction, the vice president now directly owns 280,056 shares of the company’s stock, valued at approximately $20,348,868.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Hsing sold 21,094 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,208,497 shares of the company’s stock, valued at $87,809,392.02. The disclosure for this sale can be found here.

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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