Monolithic Power Systems (MPWR) Upgraded by BidaskClub to Strong-Buy

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

A number of other equities research analysts also recently commented on MPWR. Zacks Investment Research downgraded Monolithic Power Systems from a hold rating to a sell rating in a research report on Wednesday, February 6th. Deutsche Bank increased their price objective on Monolithic Power Systems from $135.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, February 13th. ValuEngine upgraded Monolithic Power Systems from a hold rating to a buy rating in a research report on Monday, November 26th. Needham & Company LLC reiterated a buy rating and set a $145.00 price objective (down previously from $155.00) on shares of Monolithic Power Systems in a research report on Wednesday, February 13th. Finally, Cowen cut their price objective on Monolithic Power Systems from $180.00 to $165.00 and set an outperform rating for the company in a research report on Friday, October 26th. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Monolithic Power Systems presently has a consensus rating of Buy and a consensus target price of $148.88.

MPWR opened at $138.48 on Friday. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 1.79 and a beta of 1.44. Monolithic Power Systems has a 1-year low of $101.99 and a 1-year high of $152.21.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.31. Monolithic Power Systems had a return on equity of 18.22% and a net margin of 18.08%. The company had revenue of $153.50 million during the quarter, compared to the consensus estimate of $153.63 million. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. Equities analysts predict that Monolithic Power Systems will post 3.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.30. Monolithic Power Systems’s dividend payout ratio is presently 50.21%.

In other news, CEO Michael Hsing sold 72,851 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $130.66, for a total value of $9,518,711.66. Following the completion of the sale, the chief executive officer now owns 1,314,098 shares in the company, valued at $171,700,044.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 899 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $123.50, for a total value of $111,026.50. Following the completion of the sale, the chief financial officer now owns 53,907 shares of the company’s stock, valued at approximately $6,657,514.50. The disclosure for this sale can be found here. Insiders sold 228,659 shares of company stock valued at $29,637,004 in the last 90 days. Corporate insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its holdings in shares of Monolithic Power Systems by 81.3% in the fourth quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 139 shares in the last quarter. Cutler Group LP purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $58,000. Valeo Financial Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 553.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 437 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Monolithic Power Systems in the third quarter valued at $127,000. Finally, TLP Group LLC purchased a new stake in shares of Monolithic Power Systems in the third quarter valued at $145,000. Institutional investors own 98.06% of the company’s stock.

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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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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