Needham & Company LLC restated their buy rating on shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) in a report released on Thursday. They currently have a $87.00 price target on the stock, up from their previous price target of $76.00.
Other analysts have also issued research reports about the company. Oppenheimer Holdings Inc. restated a buy rating on shares of Monolithic Power Systems in a report on Monday, June 6th. Stifel Nicolaus upped their target price on Monolithic Power Systems from $75.00 to $81.00 and gave the stock a buy rating in a report on Thursday, July 14th. Zacks Investment Research lowered 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 analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $75.00.
Shares of Monolithic Power Systems (NASDAQ:MPWR) opened at 78.42 on Thursday. The company has a 50 day moving average price of $75.50 and a 200 day moving average price of $68.69. Monolithic Power Systems has a one year low of $49.26 and a one year high of $78.46. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 75.48 and a beta of 1.58.
Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Monday, July 25th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company earned $94.10 million during the quarter, compared to analyst estimates of $93.08 million. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. Monolithic Power Systems’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities analysts predict that Monolithic Power Systems will post $2.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, September 28th. Monolithic Power Systems’s payout ratio is 76.92%.
In other Monolithic Power Systems news, insider Deming Xiao sold 7,114 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $72.66, for a total transaction of $516,903.24. Following the sale, the insider now directly owns 284,286 shares of the company’s stock, valued at approximately $20,656,220.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Saria Tseng sold 5,653 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $75.25, for a total value of $425,388.25. Following the sale, the vice president now directly owns 274,112 shares in the company, valued at $20,626,928. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Monolithic Power Systems by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,492 shares of the company’s stock valued at $102,000 after buying an additional 650 shares in the last quarter. Barclays PLC bought a new stake in shares of Monolithic Power Systems during the second quarter valued at $104,000. Advisor Group Inc. bought a new stake in shares of Monolithic Power Systems during the second quarter valued at $133,000. Tower Research Capital LLC TRC bought a new stake in shares of Monolithic Power Systems during the second quarter valued at $154,000. Finally, BlackRock Inc. increased its stake in shares of Monolithic Power Systems by 24.2% in the first quarter. BlackRock Inc. now owns 2,569 shares of the company’s stock valued at $164,000 after buying an additional 501 shares in the last quarter. 97.67% of the stock is currently owned by institutional investors.
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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