Analysts Set Monolithic Power Systems, Inc. (MPWR) PT at $155.25

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been given a consensus rating of “Buy” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $158.57.

Several equities analysts have commented on MPWR shares. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $147.00 to $155.00 and gave the company a “$141.80” rating in a research report on Thursday, July 19th. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. KeyCorp increased their price objective on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, August 29th. BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Raymond James lowered shares of Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 price objective for the company. in a research report on Tuesday, September 25th.

In related news, insider Deming Xiao sold 3,019 shares of Monolithic Power Systems stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $135.45, for a total transaction of $408,923.55. Following the completion of the sale, the insider now owns 326,720 shares in the company, valued at approximately $44,254,224. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction dated Monday, October 8th. The shares were sold at an average price of $116.55, for a total transaction of $1,748,250.00. Following the sale, the director now owns 611,815 shares of the company’s stock, valued at approximately $71,307,038.25. The disclosure for this sale can be found here. Insiders sold a total of 174,129 shares of company stock valued at $24,183,574 in the last 90 days. Company insiders own 4.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. World Asset Management Inc lifted its holdings in Monolithic Power Systems by 17.9% during the 2nd quarter. World Asset Management Inc now owns 2,352 shares of the semiconductor company’s stock valued at $314,000 after buying an additional 357 shares in the last quarter. Lido Advisors LLC lifted its holdings in Monolithic Power Systems by 18.8% during the 2nd quarter. Lido Advisors LLC now owns 2,329 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 369 shares in the last quarter. Polen Capital Management LLC lifted its holdings in Monolithic Power Systems by 12.1% during the 2nd quarter. Polen Capital Management LLC now owns 3,578 shares of the semiconductor company’s stock valued at $478,000 after buying an additional 387 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Monolithic Power Systems by 6.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,240 shares of the semiconductor company’s stock valued at $836,000 after buying an additional 408 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Monolithic Power Systems by 0.5% during the 1st quarter. Guggenheim Capital LLC now owns 89,259 shares of the semiconductor company’s stock valued at $10,333,000 after buying an additional 430 shares in the last quarter. Institutional investors own 93.63% of the company’s stock.

MPWR stock opened at $113.96 on Wednesday. Monolithic Power Systems has a 52 week low of $103.14 and a 52 week high of $152.21. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 61.60, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.90 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.90. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. The business had revenue of $139.76 million during the quarter, compared to analyst estimates of $139.45 million. During the same quarter last year, the business earned $0.68 earnings per share. Monolithic Power Systems’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, equities research analysts forecast that Monolithic Power Systems will post 2.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were issued a $0.30 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.05%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 64.86%.

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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