MPWR has been the subject of several other reports. Needham & Company LLC restated a buy rating and issued a $87.00 target price (up from $76.00) on shares of Monolithic Power Systems in a report on Thursday, September 22nd. Stifel Nicolaus upped their target price 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 cut 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 research analyst has rated the stock with a hold rating and nine have assigned 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 76.90 on Monday. Monolithic Power Systems has a 12-month low of $55.05 and a 12-month high of $81.37. The company has a 50 day moving average price of $77.22 and a 200 day moving average price of $70.09. The company has a market capitalization of $3.11 billion, a P/E ratio of 74.01 and a beta of 1.44.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The company earned $94.10 million during the quarter, compared to analysts’ expectations of $93.08 million. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. Equities analysts anticipate that Monolithic Power Systems will post $2.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, September 28th. Monolithic Power Systems’s dividend payout ratio is currently 76.92%.
In other Monolithic Power Systems news, Director James C. Moyer sold 2,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $79.54, for a total transaction of $159,080.00. Following the completion of the sale, the director now owns 884,483 shares of the company’s stock, valued at $70,351,777.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Saria Tseng sold 5,653 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were 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 of the company’s stock, valued at approximately $20,626,928. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. State Street Corp increased its stake in Monolithic Power Systems by 1.4% in the first quarter. State Street Corp now owns 848,092 shares of the company’s stock worth $53,969,000 after buying an additional 11,822 shares during the period. BlackRock Inc. increased its stake 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 period. UBS Group AG increased its stake in Monolithic Power Systems by 412.2% in the first quarter. UBS Group AG now owns 18,702 shares of the company’s stock worth $1,190,000 after buying an additional 15,051 shares during the period. Renaissance Technologies LLC increased its stake in Monolithic Power Systems by 57.2% in the first quarter. Renaissance Technologies LLC now owns 693,286 shares of the company’s stock worth $44,121,000 after buying an additional 252,200 shares during the period. Finally, HL Financial Services LLC increased its stake in Monolithic Power Systems by 8.8% in the second quarter. HL Financial Services LLC now owns 42,297 shares of the company’s stock worth $2,890,000 after buying an additional 3,421 shares during the period. 97.67% of the stock is owned by hedge funds and other institutional investors.
About Monolithic Power Systems
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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