Monolithic Power Systems, Inc. (MPWR) Receives $155.25 Average Target Price from Analysts
Monolithic Power Systems, Inc. (NASDAQ:MPWR) has earned a consensus rating of “Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $158.57.
A number of analysts recently commented on MPWR shares. ValuEngine cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. KeyCorp lifted their target price on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 29th. BidaskClub cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Raymond James cut shares of Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 target price for the company. in a research note on Tuesday, September 25th.
In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $116.55, for a total transaction of $1,748,250.00. Following the completion of the sale, the director now directly owns 611,815 shares in the company, valued at approximately $71,307,038.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 181 shares of Monolithic Power Systems 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 sale, the chief financial officer now owns 56,125 shares of the company’s stock, valued at $7,855,255. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,129 shares of company stock valued at $24,183,574. Company insiders own 4.00% of the company’s stock.
Shares of Monolithic Power Systems stock opened at $113.96 on Wednesday. Monolithic Power Systems has a 52-week low of $103.14 and a 52-week high of $152.21. The company has a market capitalization of $5.31 billion, a PE ratio of 61.60, a PEG ratio of 2.05 and a beta of 1.53.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $139.45 million. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, research analysts forecast that Monolithic Power Systems will post 2.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, September 27th. Monolithic Power Systems’s payout ratio is 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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