Monolithic Power Systems (NASDAQ:MPWR) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other brokerages also recently commented on MPWR. Oppenheimer boosted their price objective on Monolithic Power Systems from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, June 11th. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $147.00 to $155.00 and gave the company a “$141.80” rating in a research report on Thursday, July 19th. Deutsche Bank boosted their price objective on Monolithic Power Systems from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Monolithic Power Systems in a research report on Friday, June 8th. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, August 29th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Monolithic Power Systems currently has an average rating of “Buy” and an average price target of $150.56.

NASDAQ:MPWR opened at $132.55 on Tuesday. Monolithic Power Systems has a 52-week low of $100.26 and a 52-week high of $152.21. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 71.65, a P/E/G ratio of 2.31 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.90. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The business had revenue of $139.76 million during the quarter, compared to analyst estimates of $139.45 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 24.6% on a year-over-year basis. equities research analysts expect that Monolithic Power Systems will post 2.45 EPS for the current fiscal year.

In related news, CEO Michael Hsing sold 20,000 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $132.97, for a total value of $2,659,400.00. Following the sale, the chief executive officer now directly owns 1,148,575 shares in the company, valued at $152,726,017.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $137.31, for a total value of $2,059,650.00. Following the completion of the sale, the director now owns 641,815 shares in the company, valued at $88,127,617.65. The disclosure for this sale can be found here. Insiders sold 178,259 shares of company stock worth $25,151,897 over the last 90 days. Company insiders own 4.00% of the company’s stock.

Several large investors have recently bought and sold shares of MPWR. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the second quarter worth about $141,000. Engineers Gate Manager LP purchased a new stake in shares of Monolithic Power Systems in the second quarter worth about $201,000. Eagle Boston Investment Management Inc. purchased a new stake in shares of Monolithic Power Systems in the second quarter worth about $216,000. Signition LP purchased a new stake in shares of Monolithic Power Systems in the second quarter worth about $222,000. Finally, Triangle Securities Wealth Management purchased a new stake in shares of Monolithic Power Systems in the second quarter worth about $224,000. Institutional investors own 93.67% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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