Monolithic Power Systems (NASDAQ:MPWR) had its price target upped by Needham & Company LLC from $205.00 to $265.00 in a research note published on Tuesday, The Fly reports. They currently have a buy rating on the semiconductor company’s stock. The analysts noted that the move was a valuation call.
Several other analysts have also recently issued reports on the stock. Oppenheimer started coverage on shares of Monolithic Power Systems in a research note on Wednesday, June 10th. They issued a buy rating and a $210.00 target price on the stock. Rosenblatt Securities increased their price objective on Monolithic Power Systems from $200.00 to $270.00 and gave the stock a buy rating in a research report on Sunday, June 21st. Deutsche Bank boosted their target price on Monolithic Power Systems from $185.00 to $205.00 and gave the stock a buy rating in a research report on Wednesday, April 29th. SunTrust Banks upped their target price on Monolithic Power Systems from $212.00 to $265.00 and gave the stock a buy rating in a research note on Friday, June 26th. Finally, Loop Capital dropped their price target on Monolithic Power Systems from $210.00 to $195.00 and set a buy rating for the company in a research report on Wednesday, April 8th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $227.56.
Shares of NASDAQ MPWR opened at $244.00 on Tuesday. The company has a market cap of $10.83 billion, a P/E ratio of 95.31, a P/E/G ratio of 3.54 and a beta of 1.22. Monolithic Power Systems has a 52 week low of $130.12 and a 52 week high of $247.88. The business has a 50-day simple moving average of $220.48 and a two-hundred day simple moving average of $187.53.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Monolithic Power Systems had a net margin of 18.15% and a return on equity of 14.87%. The firm had revenue of $165.78 million for the quarter, compared to the consensus estimate of $161.15 million. During the same period in the prior year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities research analysts predict that Monolithic Power Systems will post 2.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Monolithic Power Systems’s payout ratio is 79.05%.
In other Monolithic Power Systems news, insider Deming Xiao sold 49,161 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $185.01, for a total transaction of $9,095,276.61. Following the transaction, the insider now directly owns 347,097 shares in the company, valued at $64,216,415.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Moyer sold 14,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $170.74, for a total transaction of $2,390,360.00. Following the transaction, the director now directly owns 328,308 shares in the company, valued at $56,055,307.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,557 shares of company stock valued at $36,369,644. Corporate insiders own 3.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of MPWR. Royal Bank of Canada boosted its position in Monolithic Power Systems by 19.9% during the first quarter. Royal Bank of Canada now owns 72,482 shares of the semiconductor company’s stock valued at $12,139,000 after buying an additional 12,040 shares during the period. FDx Advisors Inc. bought a new stake in shares of Monolithic Power Systems in the 1st quarter valued at about $284,000. AQR Capital Management LLC boosted its holdings in Monolithic Power Systems by 74.9% during the 1st quarter. AQR Capital Management LLC now owns 43,110 shares of the semiconductor company’s stock valued at $7,219,000 after acquiring an additional 18,464 shares during the period. AXA grew its position in Monolithic Power Systems by 8.2% during the 1st quarter. AXA now owns 30,480 shares of the semiconductor company’s stock worth $5,104,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Monolithic Power Systems by 16.9% during the 1st quarter. Deutsche Bank AG now owns 25,854 shares of the semiconductor company’s stock worth $4,329,000 after acquiring an additional 3,737 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.
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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