Monolithic Power Systems, Inc. (MPWR) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $114.00.
Several equities research analysts have recently commented on MPWR shares. Oppenheimer Holdings, Inc. upped their price target on Monolithic Power Systems from $100.00 to $110.00 in a research note on Monday, July 24th. Needham & Company LLC restated a “buy” rating and set a $140.00 price target (up previously from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Tuesday, May 2nd. Finally, Deutsche Bank AG restated a “buy” rating and set a $97.00 price target (up previously from $95.00) on shares of Monolithic Power Systems in a research note on Friday, April 28th.
In related news, CEO Michael Hsing sold 18,815 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $96.13, for a total transaction of $1,808,685.95. Following the transaction, the chief executive officer now owns 1,183,434 shares of the company’s stock, valued at $113,763,510.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Saria Tseng sold 4,996 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $95.37, for a total value of $476,468.52. Following the transaction, the vice president now directly owns 287,759 shares in the company, valued at approximately $27,443,575.83. The disclosure for this sale can be found here. Insiders have sold 120,573 shares of company stock worth $11,947,693 in the last ninety days. 4.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. TrimTabs Asset Management LLC purchased a new stake in Monolithic Power Systems during the first quarter valued at $128,000. Whittier Trust Co. of Nevada Inc. raised its stake in Monolithic Power Systems by 115.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 832 shares during the period. Segantii Capital Management Ltd purchased a new stake in Monolithic Power Systems during the first quarter valued at $157,000. Fortaleza Asset Management Inc. raised its stake in Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after buying an additional 640 shares during the period. Finally, Riverhead Capital Management LLC raised its stake in Monolithic Power Systems by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 897 shares during the period. 92.73% of the stock is currently owned by institutional investors.
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Shares of Monolithic Power Systems (MPWR) traded up 0.45% during midday trading on Friday, hitting $100.92. 29,917 shares of the stock were exchanged. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 71.17 and a beta of 1.23. Monolithic Power Systems has a one year low of $71.60 and a one year high of $107.87. The firm has a 50 day moving average of $100.64 and a 200-day moving average of $94.48.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The business had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities analysts expect that Monolithic Power Systems will post $2.87 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Wednesday, June 28th. Monolithic Power Systems’s dividend payout ratio is presently 56.74%.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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