Monolithic Power Systems (MPWR) Raised to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research downgraded shares of Monolithic Power Systems from a strong-buy rating to a hold rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Monolithic Power Systems presently has a consensus rating of Buy and an average price target of $129.25.

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Monolithic Power Systems (MPWR) opened at $114.89 on Friday. Monolithic Power Systems has a one year low of $88.19 and a one year high of $127.61. The company has a market cap of $4,840.57, a price-to-earnings ratio of 62.78, a P/E/G ratio of 2.41 and a beta of 1.25.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The company had revenue of $129.43 million for the quarter, compared to the consensus estimate of $126.19 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. analysts predict that Monolithic Power Systems will post 2.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.20 annualized dividend and a yield of 1.04%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s payout ratio is 53.69%.

In related news, CEO Michael Hsing sold 17,354 shares of Monolithic Power Systems stock in a transaction on Monday, February 5th. The shares were sold at an average price of $113.85, for a total value of $1,975,752.90. Following the sale, the chief executive officer now owns 1,088,915 shares in the company, valued at $123,972,972.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 450 shares of Monolithic Power Systems stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $120.66, for a total transaction of $54,297.00. Following the completion of the sale, the chief financial officer now owns 40,142 shares in the company, valued at approximately $4,843,533.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 334,741 shares of company stock worth $37,759,230. 4.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in MPWR. Nationwide Fund Advisors boosted its holdings in Monolithic Power Systems by 1.4% in the third quarter. Nationwide Fund Advisors now owns 266,807 shares of the semiconductor company’s stock valued at $28,428,000 after acquiring an additional 3,813 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Monolithic Power Systems by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 161,686 shares of the semiconductor company’s stock valued at $17,228,000 after buying an additional 947 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Monolithic Power Systems by 39.9% during the 3rd quarter. Sei Investments Co. now owns 22,283 shares of the semiconductor company’s stock valued at $2,375,000 after buying an additional 6,357 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Monolithic Power Systems by 115.8% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,162 shares of the semiconductor company’s stock valued at $550,000 after buying an additional 2,770 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Monolithic Power Systems by 26.0% during the 3rd quarter. Advisor Group Inc. now owns 4,041 shares of the semiconductor company’s stock valued at $430,000 after buying an additional 833 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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