Raymond James Financial started coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a report published on Thursday morning, MarketBeat.com reports. The firm issued a strong-buy rating and a $140.00 price objective on the semiconductor company’s stock.
Several other equities research analysts also recently weighed in on MPWR. BidaskClub downgraded shares of Monolithic Power Systems from a strong-buy rating to a buy rating in a report on Friday, March 30th. Zacks Investment Research downgraded shares of Monolithic Power Systems from a strong-buy rating to a hold rating in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Monolithic Power Systems presently has an average rating of Buy and a consensus target price of $130.44.
Monolithic Power Systems stock opened at $120.83 on Thursday. The stock has a market cap of $5,098.84, a PE ratio of 65.31, a PEG ratio of 2.54 and a beta of 1.28. Monolithic Power Systems has a one year low of $89.21 and a one year high of $127.61.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.02. The business had revenue of $129.43 million during the quarter, compared to the consensus estimate of $126.19 million. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. research analysts expect that Monolithic Power Systems will post 2.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, March 30th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.20 annualized dividend and a yield of 0.99%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio is presently 64.86%.
In other Monolithic Power Systems news, CFO Theodore Blegen sold 450 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $120.66, for a total value of $54,297.00. Following the completion of the sale, the chief financial officer now directly owns 40,142 shares of the company’s stock, valued at approximately $4,843,533.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Hsing sold 96,181 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $108.19, for a total transaction of $10,405,822.39. Following the completion of the sale, the chief executive officer now directly owns 1,318,001 shares of the company’s stock, valued at $142,594,528.19. The disclosure for this sale can be found here. Insiders sold 369,741 shares of company stock valued at $41,698,380 in the last ninety days. Corporate insiders own 4.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Simplex Trading LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $102,000. Captrust Financial Advisors acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $106,000. State of Alaska Department of Revenue acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $120,000. Cerebellum GP LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $127,000. Finally, Zeke Capital Advisors LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $201,000. 91.07% of the stock is owned by institutional investors.
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Monolithic Power Systems Company Profile
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.
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