BidaskClub upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a hold rating to a buy rating in a research report released on Friday.

A number of other equities analysts also recently issued reports on MPWR. Zacks Investment Research raised Monolithic Power Systems from a sell rating to a hold rating in a research report on Wednesday, September 27th. Stifel Nicolaus upped their price target on Monolithic Power Systems from $117.00 to $126.00 and gave the stock a buy rating in a research report on Friday, October 27th. SunTrust Banks assumed coverage on Monolithic Power Systems in a research report on Tuesday, October 10th. They set a buy rating and a $132.00 price target on the stock. KeyCorp reaffirmed a buy rating and set a $125.00 price target on shares of Monolithic Power Systems in a research report on Friday, October 27th. Finally, Deutsche Bank upped their price target on Monolithic Power Systems from $110.00 to $120.00 and gave the stock a buy rating in a research report on Tuesday, October 24th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Monolithic Power Systems presently has a consensus rating of Buy and an average price target of $129.25.

Shares of Monolithic Power Systems (NASDAQ MPWR) traded down $0.54 during trading hours on Friday, reaching $113.17. 255,529 shares of the company were exchanged, compared to its average volume of 343,111. The company has a market capitalization of $4,720.89, a P/E ratio of 70.29, a price-to-earnings-growth ratio of 3.52 and a beta of 1.26. Monolithic Power Systems has a 52 week low of $81.36 and a 52 week high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 the consensus estimate of $126.11 million. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. equities research analysts forecast that Monolithic Power Systems will post 1.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, December 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.69%.

In other news, CEO Michael Hsing sold 19,765 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $123.06, for a total transaction of $2,432,280.90. Following the sale, the chief executive officer now directly owns 1,125,086 shares of the company’s stock, valued at $138,453,083.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 459 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $117.91, for a total transaction of $54,120.69. Following the sale, the chief financial officer now directly owns 40,336 shares in the company, valued at $4,756,017.76. The disclosure for this sale can be found here. Insiders have sold 97,994 shares of company stock worth $11,636,168 over the last three months. Corporate insiders own 4.00% of the company’s stock.

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Monolithic Power Systems in the second quarter valued at $121,000. D.A. Davidson & CO. boosted its holdings in Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 172 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Monolithic Power Systems by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 897 shares during the last quarter. Campbell Newman Asset Management Inc. purchased a new stake in Monolithic Power Systems in the second quarter valued at $203,000. Finally, 1st Global Advisors Inc. purchased a new stake in Monolithic Power Systems in the second quarter valued at $209,000. 93.85% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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