Monolithic Power Systems (NASDAQ:MPWR) Given New $275.00 Price Target at Needham & Company LLC

Share on StockTwits

Monolithic Power Systems (NASDAQ:MPWR) had its price target boosted by Needham & Company LLC from $265.00 to $275.00 in a research note released on Wednesday morning, AnalystRatings.com reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

Several other analysts have also issued reports on the stock. Raymond James raised their price target on shares of Monolithic Power Systems from $190.00 to $215.00 and gave the stock an outperform rating in a research report on Wednesday, April 29th. BidaskClub raised shares of Monolithic Power Systems from a buy rating to a strong-buy rating in a report on Saturday, June 6th. Deutsche Bank raised their price objective on shares of Monolithic Power Systems from $205.00 to $255.00 and gave the stock a buy rating in a report on Friday, July 17th. Loop Capital reduced their price objective on shares of Monolithic Power Systems from $210.00 to $195.00 and set a buy rating for the company in a report on Wednesday, April 8th. Finally, Cowen raised their price objective on shares of Monolithic Power Systems from $200.00 to $215.00 and gave the stock an outperform rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $262.22.

NASDAQ MPWR opened at $265.01 on Wednesday. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 96.37, a P/E/G ratio of 4.02 and a beta of 1.22. The company’s fifty day moving average is $237.36 and its two-hundred day moving average is $196.03. Monolithic Power Systems has a 52-week low of $130.12 and a 52-week high of $271.94.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.08. The company had revenue of $186.21 million for the quarter, compared to analyst estimates of $169.79 million. Monolithic Power Systems had a net margin of 18.60% and a return on equity of 15.41%. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Sell-side analysts forecast that Monolithic Power Systems will post 2.69 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Monday, June 29th. Monolithic Power Systems’s dividend payout ratio is currently 79.05%.

In related news, Director Jeff Zhou sold 500 shares of Monolithic Power Systems stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $198.00, for a total transaction of $99,000.00. Following the completion of the transaction, the director now directly owns 15,259 shares of the company’s stock, valued at approximately $3,021,282. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 16,619 shares of Monolithic Power Systems stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.67, for a total transaction of $3,467,886.73. Following the transaction, the chief executive officer now directly owns 1,058,504 shares of the company’s stock, valued at $220,878,029.68. The disclosure for this sale can be found here. Insiders have sold a total of 103,681 shares of company stock valued at $23,000,455 over the last three months. 3.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of Monolithic Power Systems by 19.9% in the first quarter. Royal Bank of Canada now owns 72,482 shares of the semiconductor company’s stock worth $12,139,000 after acquiring an additional 12,040 shares during the last quarter. FDx Advisors Inc. bought a new position in shares of Monolithic Power Systems in the first quarter worth about $284,000. AXA raised its stake in shares of Monolithic Power Systems by 8.2% in the first quarter. AXA now owns 30,480 shares of the semiconductor company’s stock worth $5,104,000 after acquiring an additional 2,300 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Monolithic Power Systems by 74.9% in the first quarter. AQR Capital Management LLC now owns 43,110 shares of the semiconductor company’s stock worth $7,219,000 after acquiring an additional 18,464 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Monolithic Power Systems by 239.9% in the second quarter. CENTRAL TRUST Co now owns 3,610 shares of the semiconductor company’s stock worth $856,000 after acquiring an additional 2,548 shares during the last quarter. 94.34% of the stock is owned by institutional investors.

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.

Featured Story: Differences Between Momentum Investing and Long Term Investing

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Invitation Homes Inc  Shares Acquired by ProShare Advisors LLC
Invitation Homes Inc Shares Acquired by ProShare Advisors LLC
Coastal Capital Group Inc. Sells 19 Shares of Amazon.com, Inc.
Coastal Capital Group Inc. Sells 19 Shares of Amazon.com, Inc.
Amazon.com, Inc.  Stock Position Lifted by K.J. Harrison & Partners Inc
Amazon.com, Inc. Stock Position Lifted by K.J. Harrison & Partners Inc
Quantitative Systematic Strategies LLC Purchases New Stake in BJs Wholesale Club Holdings Inc
Quantitative Systematic Strategies LLC Purchases New Stake in BJs Wholesale Club Holdings Inc
Quantitative Systematic Strategies LLC Buys New Position in Nokia Oyj
Quantitative Systematic Strategies LLC Buys New Position in Nokia Oyj
Probity Advisors Inc. Sells 4 Shares of Amazon.com, Inc.
Probity Advisors Inc. Sells 4 Shares of Amazon.com, Inc.


© 2006-2020 Ticker Report