Monolithic Power Systems (MPWR) Lowered to “Hold” at BidaskClub

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Monolithic Power Systems (NASDAQ:MPWR) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Monday, BidAskClub reports.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Needham & Company LLC downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Deutsche Bank upped their target price on Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $148.88.

NASDAQ:MPWR traded down $3.45 during mid-day trading on Monday, reaching $121.25. 322,728 shares of the company’s stock traded hands, compared to its average volume of 307,724. Monolithic Power Systems has a 12-month low of $101.99 and a 12-month high of $161.22. The company has a market cap of $5.37 billion, a PE ratio of 50.73, a P/E/G ratio of 1.90 and a beta of 1.46.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. Monolithic Power Systems had a return on equity of 17.99% and a net margin of 18.43%. The company had revenue of $141.40 million for the quarter, compared to the consensus estimate of $141.11 million. During the same quarter in the previous year, the business earned $0.79 EPS. Monolithic Power Systems’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Monolithic Power Systems will post 2.62 earnings per share for the current fiscal year.

In other Monolithic Power Systems news, CEO Michael Hsing sold 75,241 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $136.26, for a total transaction of $10,252,338.66. Following the transaction, the chief executive officer now owns 1,202,378 shares in the company, valued at approximately $163,836,026.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Saria Tseng sold 6,495 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $155.33, for a total value of $1,008,868.35. Following the completion of the sale, the vice president now directly owns 317,813 shares in the company, valued at $49,365,893.29. The disclosure for this sale can be found here. Insiders have sold a total of 286,004 shares of company stock worth $39,528,521 in the last quarter. Company insiders own 4.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Monolithic Power Systems by 1.7% in the 1st quarter. BlackRock Inc. now owns 4,237,893 shares of the semiconductor company’s stock worth $574,193,000 after purchasing an additional 69,101 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Monolithic Power Systems by 6.2% in the 3rd quarter. Vanguard Group Inc now owns 3,553,528 shares of the semiconductor company’s stock worth $446,074,000 after purchasing an additional 208,362 shares in the last quarter. FMR LLC boosted its position in shares of Monolithic Power Systems by 3.2% in the 4th quarter. FMR LLC now owns 1,432,704 shares of the semiconductor company’s stock worth $166,552,000 after purchasing an additional 44,356 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Monolithic Power Systems by 1.9% in the 1st quarter. Wells Fargo & Company MN now owns 1,298,612 shares of the semiconductor company’s stock worth $175,950,000 after purchasing an additional 24,394 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Monolithic Power Systems by 13.9% in the 1st quarter. JPMorgan Chase & Co. now owns 885,079 shares of the semiconductor company’s stock worth $119,919,000 after purchasing an additional 107,870 shares in the last quarter. 99.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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