Monolithic Power Systems’ (MPWR) “Buy” Rating Reiterated at KeyCorp
KeyCorp restated their buy rating on shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in a report published on Friday. The firm currently has a $115.00 price target on the semiconductor company’s stock.
Several other equities analysts have also recently weighed in on MPWR. Pacific Crest restated an overweight rating and issued a $110.00 price objective on shares of Monolithic Power Systems in a report on Wednesday, June 21st. Zacks Investment Research cut Monolithic Power Systems from a buy rating to a hold rating in a report on Wednesday, June 28th. BidaskClub cut Monolithic Power Systems from a strong-buy rating to a buy rating in a report on Wednesday, July 5th. Oppenheimer Holdings, Inc. raised their price objective on Monolithic Power Systems from $100.00 to $110.00 in a report on Monday, July 24th. Finally, Stifel Nicolaus restated a buy rating and issued a $117.00 price objective (up previously from $110.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Monolithic Power Systems currently has an average rating of Buy and an average price target of $112.63.
Shares of Monolithic Power Systems (MPWR) opened at 102.71 on Friday. Monolithic Power Systems has a 1-year low of $71.60 and a 1-year high of $107.87. The stock’s 50 day moving average price is $101.29 and its 200 day moving average price is $95.68. The company has a market cap of $4.25 billion, a P/E ratio of 72.43 and a beta of 1.22.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The company had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. Monolithic Power Systems’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Equities research analysts forecast that Monolithic Power Systems will post $2.87 earnings per share for the current year.
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In other news, Director James C. Moyer sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $103.12, for a total transaction of $1,237,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Saria Tseng sold 4,996 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $96.50, for a total value of $482,114.00. Following the sale, the vice president now owns 282,327 shares of the company’s stock, valued at approximately $27,244,555.50. The disclosure for this sale can be found here. Insiders have sold 115,271 shares of company stock valued at $11,566,906 in the last quarter. 4.00% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $121,000. TrimTabs Asset Management LLC bought a new stake in shares of Monolithic Power Systems during the first quarter worth approximately $128,000. D.A. Davidson & CO. boosted its holdings in shares of Monolithic Power Systems by 13.2% during the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 172 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Monolithic Power Systems by 115.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 832 shares during the period. Finally, Segantii Capital Management Ltd bought a new stake in shares of Monolithic Power Systems during the first quarter worth approximately $157,000. Institutional investors own 93.37% 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. 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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