Deutsche Bank Boosts Monolithic Power Systems (NASDAQ:MPWR) Price Target to $270.00

Monolithic Power Systems (NASDAQ:MPWR) had its target price increased by Deutsche Bank from $255.00 to $270.00 in a research report report published on Wednesday, The Fly reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

MPWR has been the subject of several other research reports. ValuEngine cut shares of Monolithic Power Systems from a buy rating to a hold rating in a report on Friday, May 1st. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $210.00 to $285.00 in a report on Friday, July 24th. Raymond James boosted their price target on shares of Monolithic Power Systems from $190.00 to $215.00 and gave the stock an outperform rating in a report on Wednesday, April 29th. BidaskClub upgraded shares of Monolithic Power Systems from a buy rating to a strong-buy rating in a report on Saturday, June 6th. Finally, SunTrust Banks boosted their price target on shares of Monolithic Power Systems from $212.00 to $265.00 and gave the stock a buy rating in a report on Friday, June 26th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $262.22.

Shares of MPWR opened at $265.01 on Wednesday. Monolithic Power Systems has a fifty-two week low of $130.12 and a fifty-two week high of $271.94. The firm’s 50 day moving average price is $237.36 and its 200 day moving average price is $196.03. The company has a market cap of $11.86 billion, a P/E ratio of 100.38, a PEG ratio of 3.94 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.08. Monolithic Power Systems had a net margin of 18.60% and a return on equity of 15.41%. The firm had revenue of $186.21 million for the quarter, compared to the consensus estimate of $169.79 million. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, research analysts predict that Monolithic Power Systems will post 2.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, June 29th. Monolithic Power Systems’s payout ratio is 79.05%.

In related news, Director James C. Moyer sold 10,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $195.34, for a total transaction of $1,953,400.00. Following the completion of the sale, the director now owns 304,308 shares in the company, valued at approximately $59,443,524.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Deming Xiao sold 4,305 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.16, for a total transaction of $1,012,363.80. Following the sale, the insider now owns 289,162 shares of the company’s stock, valued at approximately $67,999,335.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,681 shares of company stock valued at $23,000,455. Company insiders own 3.00% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Brinker Capital Inc. boosted its stake in Monolithic Power Systems by 1.3% during the 2nd quarter. Brinker Capital Inc. now owns 5,016 shares of the semiconductor company’s stock worth $1,189,000 after purchasing an additional 62 shares during the period. Commonwealth Equity Services LLC boosted its stake in Monolithic Power Systems by 3.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,070 shares of the semiconductor company’s stock worth $346,000 after purchasing an additional 65 shares during the period. Integrated Investment Consultants LLC boosted its stake in Monolithic Power Systems by 2.3% during the 1st quarter. Integrated Investment Consultants LLC now owns 3,081 shares of the semiconductor company’s stock worth $516,000 after purchasing an additional 70 shares during the period. Executive Wealth Management LLC boosted its stake in Monolithic Power Systems by 1.1% during the 2nd quarter. Executive Wealth Management LLC now owns 6,608 shares of the semiconductor company’s stock worth $1,566,000 after purchasing an additional 71 shares during the period. Finally, Signaturefd LLC raised its position in Monolithic Power Systems by 35.6% during the 1st quarter. Signaturefd LLC now owns 297 shares of the semiconductor company’s stock worth $50,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 94.34% 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 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.

See Also: What is the Dow Jones Industrial Average (DJIA)?

The Fly

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.