Oppenheimer assumed coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research note issued to investors on Monday morning, TipRanks reports. The brokerage issued a buy rating and a $285.00 price objective on the semiconductor company’s stock.

Other analysts have also issued research reports about the company. Rosenblatt Securities reaffirmed a buy rating and issued a $300.00 price objective (up previously from $270.00) on shares of Monolithic Power Systems in a report on Wednesday, July 29th. SunTrust Banks lifted their price objective on Monolithic Power Systems from $212.00 to $265.00 and gave the stock a buy rating in a report on Friday, June 26th. BidaskClub lowered Monolithic Power Systems from a strong-buy rating to a buy rating in a report on Wednesday, September 9th. Raymond James lifted their price objective on Monolithic Power Systems from $215.00 to $275.00 and gave the stock an outperform rating in a report on Wednesday, July 29th. Finally, Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $280.00 to $310.00 and gave the stock a buy rating in a report on Monday, August 24th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $265.56.

Monolithic Power Systems stock opened at $250.24 on Monday. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 91.00, a PEG ratio of 3.31 and a beta of 1.17. The stock has a fifty day simple moving average of $265.97 and a two-hundred day simple moving average of $216.19. Monolithic Power Systems has a 12 month low of $130.12 and a 12 month high of $284.50.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.08. The business had revenue of $186.21 million during the quarter, compared to analyst estimates of $169.79 million. Monolithic Power Systems had a return on equity of 15.41% and a net margin of 18.60%. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. On average, research analysts expect that Monolithic Power Systems will post 2.86 earnings per share for the current fiscal year.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 1,408 shares of the business’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $224.13, for a total transaction of $315,575.04. Following the completion of the sale, the chief financial officer now owns 136,251 shares of the company’s stock, valued at $30,537,936.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 10,960 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $235.16, for a total value of $2,577,353.60. Following the sale, the chief executive officer now directly owns 1,030,196 shares of the company’s stock, valued at approximately $242,260,891.36. The disclosure for this sale can be found here. Insiders have sold 115,888 shares of company stock valued at $29,690,615 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Monolithic Power Systems by 2.0% in the second quarter. Vanguard Group Inc. now owns 4,010,441 shares of the semiconductor company’s stock valued at $950,475,000 after acquiring an additional 78,686 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Monolithic Power Systems by 15.2% in the first quarter. Wellington Management Group LLP now owns 2,070,255 shares of the semiconductor company’s stock valued at $346,685,000 after acquiring an additional 273,269 shares in the last quarter. State Street Corp lifted its position in shares of Monolithic Power Systems by 1.2% in the first quarter. State Street Corp now owns 1,067,484 shares of the semiconductor company’s stock valued at $179,291,000 after acquiring an additional 12,863 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Monolithic Power Systems by 6.1% in the first quarter. Clearbridge Investments LLC now owns 921,247 shares of the semiconductor company’s stock valued at $154,272,000 after acquiring an additional 53,346 shares in the last quarter. Finally, GQG Partners LLC lifted its position in shares of Monolithic Power Systems by 19.4% in the second quarter. GQG Partners LLC now owns 764,885 shares of the semiconductor company’s stock valued at $181,295,000 after acquiring an additional 124,071 shares in the last quarter. Institutional investors and hedge funds own 93.95% of the company’s stock.

About Monolithic Power Systems

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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