Monolithic Power Systems Inc. (NASDAQ:MPWR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued to investors on Thursday. They currently have a $87.00 target price on the stock. Needham & Company LLC’s target price would indicate a potential upside of 13.80% from the stock’s current price.
Several other brokerages also recently weighed in on MPWR. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Monolithic Power Systems in a report on Monday, June 6th. Stifel Nicolaus raised their price target on Monolithic Power Systems from $75.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, July 14th. Zacks Investment Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Monday, September 12th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $75.00.
Shares of Monolithic Power Systems (NASDAQ:MPWR) opened at 76.45 on Thursday. Monolithic Power Systems has a one year low of $47.94 and a one year high of $78.45. The stock has a 50 day moving average of $74.97 and a 200-day moving average of $68.14. The stock has a market capitalization of $3.10 billion, a P/E ratio of 73.58 and a beta of 1.58.
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Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. The firm earned $94.10 million during the quarter, compared to the consensus estimate of $93.08 million. During the same period last year, the company earned $0.46 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. Equities analysts forecast that Monolithic Power Systems will post $2.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.05%. Monolithic Power Systems’s dividend payout ratio is currently 76.92%.
In other Monolithic Power Systems news, CEO Michael Hsing sold 21,094 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $72.66, for a total transaction of $1,532,690.04. Following the completion of the sale, the chief executive officer now directly owns 1,208,497 shares in the company, valued at approximately $87,809,392.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Saria Tseng sold 6,320 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $72.66, for a total value of $459,211.20. Following the sale, the vice president now owns 280,056 shares of the company’s stock, valued at $20,348,868.96. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MPWR. Victory Capital Management Inc. increased its stake in Monolithic Power Systems by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,492 shares of the company’s stock worth $102,000 after buying an additional 650 shares in the last quarter. Barclays PLC bought a new position in Monolithic Power Systems during the second quarter worth $104,000. Advisor Group Inc. bought a new position in Monolithic Power Systems during the second quarter worth $133,000. Tower Research Capital LLC TRC bought a new position in Monolithic Power Systems during the second quarter worth $154,000. Finally, BlackRock Inc. boosted its position in Monolithic Power Systems by 24.2% in the first quarter. BlackRock Inc. now owns 2,569 shares of the company’s stock worth $164,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 97.67% of the company’s stock.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.
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