Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have earned an average recommendation of “Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $152.75.

A number of equities analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $147.00 to $155.00 and gave the stock a “$141.80” rating in a research note on Thursday, July 19th. BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $155.00 price target on shares of Monolithic Power Systems in a research report on Thursday, September 13th. Cowen upped their price target on shares of Monolithic Power Systems from $150.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, June 8th. Finally, Oppenheimer upped their price target on shares of Monolithic Power Systems from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, June 11th.

In related news, CFO Theodore Blegen sold 181 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $139.96, for a total transaction of $25,332.76. Following the completion of the sale, the chief financial officer now owns 56,125 shares of the company’s stock, valued at $7,855,255. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deming Xiao sold 3,019 shares of the stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $135.45, for a total transaction of $408,923.55. Following the sale, the insider now directly owns 326,720 shares of the company’s stock, valued at approximately $44,254,224. The disclosure for this sale can be found here. Insiders sold a total of 178,259 shares of company stock valued at $25,151,897 in the last ninety days. Corporate insiders own 4.00% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its position in Monolithic Power Systems by 46.1% during the second quarter. Advisors Asset Management Inc. now owns 28,476 shares of the semiconductor company’s stock valued at $3,806,000 after acquiring an additional 8,979 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Monolithic Power Systems by 24.6% during the second quarter. Public Employees Retirement System of Ohio now owns 115,564 shares of the semiconductor company’s stock valued at $15,447,000 after acquiring an additional 22,813 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Monolithic Power Systems during the second quarter valued at approximately $1,420,000. Jane Street Group LLC purchased a new stake in Monolithic Power Systems during the second quarter valued at approximately $4,779,000. Finally, Granahan Investment Management Inc. MA lifted its position in Monolithic Power Systems by 18.3% during the second quarter. Granahan Investment Management Inc. MA now owns 18,126 shares of the semiconductor company’s stock valued at $2,423,000 after acquiring an additional 2,804 shares during the last quarter. 93.64% of the stock is owned by institutional investors.

Shares of MPWR stock opened at $132.55 on Friday. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 71.65, a P/E/G ratio of 2.25 and a beta of 1.47. Monolithic Power Systems has a one year low of $100.26 and a one year high of $152.21.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.90. The business had revenue of $139.76 million for the quarter, compared to the consensus estimate of $139.45 million. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. sell-side analysts anticipate that Monolithic Power Systems will post 2.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.20 annualized dividend and a dividend yield of 0.91%. Monolithic Power Systems’s payout ratio is presently 64.86%.

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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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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