Cowen initiated coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a report issued on Thursday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $150.00 price objective on the semiconductor company’s stock.
A number of other equities analysts also recently commented on the stock. Raymond James initiated coverage on shares of Monolithic Power Systems in a report on Thursday, April 12th. They issued a strong-buy rating and a $140.00 price objective for the company. BidaskClub raised shares of Monolithic Power Systems from a buy rating to a strong-buy rating in a report on Friday, March 23rd. Zacks Investment Research downgraded shares of Monolithic Power Systems from a buy rating to a hold rating in a report on Friday, May 4th. Needham & Company LLC raised their target price on Monolithic Power Systems from $140.00 to $150.00 and gave the company a buy rating in a research note on Tuesday, May 1st. Finally, KeyCorp raised their target price on Monolithic Power Systems from $125.00 to $135.00 and gave the company an overweight rating in a research note on Tuesday, May 1st. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $133.80.
Monolithic Power Systems stock traded up $1.04 during mid-day trading on Thursday, reaching $129.80. The company’s stock had a trading volume of 118,476 shares, compared to its average volume of 309,783. The company has a market cap of $5.39 billion, a PE ratio of 70.16, a P/E/G ratio of 2.86 and a beta of 1.29. Monolithic Power Systems has a twelve month low of $126.13 and a twelve month high of $127.21.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Monday, April 30th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $129.20 million during the quarter, compared to the consensus estimate of $125.18 million. Monolithic Power Systems had a net margin of 14.52% and a return on equity of 17.04%. The firm’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. research analysts predict that Monolithic Power Systems will post 2.48 EPS for the current year.
In other Monolithic Power Systems news, CEO Michael Hsing sold 17,633 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $126.75, for a total value of $2,234,982.75. Following the sale, the chief executive officer now directly owns 1,188,575 shares in the company, valued at $150,651,881.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Maurice Sciammas sold 7,385 shares of the firm’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $121.09, for a total value of $894,249.65. Following the completion of the sale, the vice president now owns 416,150 shares in the company, valued at $50,391,603.50. The disclosure for this sale can be found here. Insiders sold 212,234 shares of company stock worth $25,203,169 over the last quarter. 4.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $106,000. State of Alaska Department of Revenue bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $120,000. Cerebellum GP LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $127,000. Zeke Capital Advisors LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $201,000. Finally, Suntrust Banks Inc. bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $204,000. Institutional investors and hedge funds own 90.77% 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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