BidaskClub lowered shares of Monolithic Power Systems (NASDAQ:MPWR) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

A number of other analysts have also issued reports on the company. Zacks Investment Research lowered Monolithic Power Systems from a strong-buy rating to a hold rating in a research report on Wednesday, December 27th. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $126.00 to $137.00 and gave the stock a buy rating in a research report on Tuesday, November 7th. Oppenheimer boosted their price objective on Monolithic Power Systems from $120.00 to $130.00 and gave the company an outperform rating in a report on Friday, October 27th. KeyCorp reissued a buy rating and issued a $125.00 price objective on shares of Monolithic Power Systems in a report on Friday, October 27th. Finally, Deutsche Bank boosted their price objective on Monolithic Power Systems from $110.00 to $120.00 and gave the company a buy rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $129.25.

Shares of Monolithic Power Systems (NASDAQ MPWR) opened at $110.08 on Wednesday. Monolithic Power Systems has a 52-week low of $84.45 and a 52-week high of $126.80. The stock has a market capitalization of $4,310.29, a PE ratio of 73.88, a PEG ratio of 2.24 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a return on equity of 16.91% and a net margin of 13.85%. The business had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. analysts predict that Monolithic Power Systems will post 2.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be issued a $0.30 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, March 28th. Monolithic Power Systems’s payout ratio is currently 53.69%.

In related news, CFO Theodore Blegen sold 450 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $120.66, for a total value of $54,297.00. Following the completion of the sale, the chief financial officer now directly owns 40,142 shares of the company’s stock, valued at $4,843,533.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Hsing sold 18,817 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $119.63, for a total value of $2,251,077.71. Following the completion of the sale, the chief executive officer now directly owns 1,106,269 shares of the company’s stock, valued at $132,342,960.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,399 shares of company stock valued at $10,919,514. 4.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of MPWR. Vanguard Group Inc. boosted its stake in Monolithic Power Systems by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,118,538 shares of the semiconductor company’s stock valued at $300,627,000 after acquiring an additional 85,754 shares during the period. Advisor Group Inc. boosted its stake in Monolithic Power Systems by 25.6% in the second quarter. Advisor Group Inc. now owns 3,208 shares of the semiconductor company’s stock valued at $310,000 after acquiring an additional 653 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in Monolithic Power Systems by 4.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 9,451 shares of the semiconductor company’s stock valued at $911,000 after acquiring an additional 400 shares during the period. Royal Bank of Canada boosted its stake in Monolithic Power Systems by 97.4% in the second quarter. Royal Bank of Canada now owns 9,833 shares of the semiconductor company’s stock valued at $949,000 after acquiring an additional 4,852 shares during the period. Finally, Shelton Capital Management acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $269,000. Institutional investors own 93.28% of the company’s stock.

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About Monolithic Power Systems

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.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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