BidaskClub downgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a buy rating to a hold rating in a research note released on Tuesday, September 18th.
Several other equities research analysts also recently weighed in on MPWR. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $147.00 to $155.00 and gave the stock a $141.80 rating in a report on Thursday, July 19th. Cowen upped their target price on Monolithic Power Systems from $150.00 to $180.00 and gave the company an outperform rating in a report on Friday, June 8th. Oppenheimer increased their price objective on Monolithic Power Systems from $130.00 to $150.00 and gave the stock an outperform rating in a report on Monday, June 11th. Needham & Company LLC restated a buy rating and issued a $150.00 price objective on shares of Monolithic Power Systems in a report on Friday, June 8th. Finally, Deutsche Bank increased their price target on Monolithic Power Systems from $130.00 to $140.00 and gave the company a buy rating in a report on Tuesday, June 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $155.38.
Shares of NASDAQ MPWR traded up $3.07 during trading on Tuesday, reaching $113.96. 625,616 shares of the stock were exchanged, compared to its average volume of 364,601. The stock has a market cap of $5.31 billion, a P/E ratio of 61.60, a PEG ratio of 2.05 and a beta of 1.53. Monolithic Power Systems has a twelve month low of $103.14 and a twelve month high of $152.21.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.90. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. The firm had revenue of $139.76 million for the quarter, compared to analysts’ expectations of $139.45 million. During the same period in the prior year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. On average, equities analysts forecast that Monolithic Power Systems will post 2.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.20 annualized dividend and a yield of 1.05%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 64.86%.
In other news, VP Saria Tseng sold 4,729 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $135.65, for a total value of $641,488.85. Following the completion of the sale, the vice president now directly owns 291,851 shares in the company, valued at $39,589,588.15. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Deming Xiao sold 3,019 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $135.45, for a total value of $408,923.55. Following the completion of the sale, the insider now owns 326,720 shares of the company’s stock, valued at $44,254,224. The disclosure for this sale can be found here. Insiders have sold 174,129 shares of company stock valued at $24,183,574 over the last quarter. Corporate insiders own 4.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Grandeur Peak Global Advisors LLC acquired a new stake in Monolithic Power Systems in the second quarter worth about $141,000. Engineers Gate Manager LP acquired a new stake in Monolithic Power Systems in the second quarter worth about $201,000. Eagle Boston Investment Management Inc. acquired a new stake in Monolithic Power Systems in the second quarter worth about $216,000. Signition LP bought a new position in Monolithic Power Systems during the second quarter worth about $222,000. Finally, Triangle Securities Wealth Management bought a new position in Monolithic Power Systems during the second quarter worth about $224,000. Hedge funds and other institutional investors own 93.63% of the company’s stock.
Monolithic Power Systems Company Profile
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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