Monolithic Power Systems, Inc. (NASDAQ:MPWR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday. The brokerage currently has a $140.00 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 15.07% from the company’s current price.

According to Zacks, “Monolithic Power Systems, Inc. (MPWR) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS’ mission is to reduce total energy consumption in our customers’ systems and service our customers with green, practical, compact solutions. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world. The company was founded by Michael R. Hsing and James C. Moyer in 1997 and is headquartered in San Jose, CA. “

A number of other equities research analysts have also issued reports on MPWR. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the stock a “buy” rating in a report on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $125.00 price target on shares of Monolithic Power Systems in a report on Friday, October 27th. BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Deutsche Bank AG raised their price target on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, Oppenheimer Holdings, Inc. raised their price target on shares of Monolithic Power Systems from $100.00 to $110.00 in a report on Monday, July 24th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $124.78.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The business had revenue of $128.90 million for the quarter, compared to analyst estimates of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The company’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS.

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In other news, CEO Michael Hsing sold 19,766 shares of Monolithic Power Systems stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $101.96, for a total transaction of $2,015,341.36. Following the sale, the chief executive officer now owns 1,174,800 shares of the company’s stock, valued at approximately $119,782,608. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Saria Tseng sold 5,606 shares of Monolithic Power Systems stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $101.94, for a total transaction of $571,475.64. Following the sale, the vice president now directly owns 285,136 shares in the company, valued at approximately $29,066,763.84. The disclosure for this sale can be found here. Insiders have sold a total of 89,991 shares of company stock worth $9,305,004 in the last ninety days. Insiders own 4.00% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Sawtooth Solutions LLC boosted its stake in Monolithic Power Systems by 0.9% during the second quarter. Sawtooth Solutions LLC now owns 2,519 shares of the semiconductor company’s stock worth $243,000 after acquiring an additional 23 shares in the last quarter. First National Bank of Hutchinson boosted its stake in Monolithic Power Systems by 0.8% during the second quarter. First National Bank of Hutchinson now owns 4,744 shares of the semiconductor company’s stock worth $498,000 after acquiring an additional 36 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in Monolithic Power Systems by 1.2% during the second quarter. Hanseatic Management Services Inc. now owns 3,740 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 45 shares in the last quarter. Renaissance Group LLC boosted its stake in Monolithic Power Systems by 1.2% during the second quarter. Renaissance Group LLC now owns 4,152 shares of the semiconductor company’s stock worth $400,000 after acquiring an additional 49 shares in the last quarter. Finally, Bellwether Investment Group LLC boosted its stake in Monolithic Power Systems by 1.9% during the second quarter. Bellwether Investment Group LLC now owns 3,204 shares of the semiconductor company’s stock worth $309,000 after acquiring an additional 59 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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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