Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have earned an average recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $127.71.

Several analysts recently commented on the company. Zacks Investment Research upgraded Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Stifel Nicolaus upped their target price on Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a report on Friday, October 27th. SunTrust Banks assumed coverage on Monolithic Power Systems in a report on Tuesday, October 10th. They issued a “buy” rating and a $132.00 target price on the stock. Finally, KeyCorp reiterated a “buy” rating and issued a $125.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th.

Monolithic Power Systems (NASDAQ:MPWR) traded up $1.70 during trading hours on Monday, hitting $121.72. The stock had a trading volume of 213,225 shares, compared to its average volume of 219,630. The company has a market capitalization of $5,010.00, a PE ratio of 75.14, a P/E/G ratio of 2.60 and a beta of 1.26. Monolithic Power Systems has a 52 week low of $84.45 and a 52 week high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. sell-side analysts forecast that Monolithic Power Systems will post 1.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, December 28th. Monolithic Power Systems’s payout ratio is presently 49.38%.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 462 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $120.68, for a total transaction of $55,754.16. Following the transaction, the chief financial officer now directly owns 41,160 shares in the company, valued at approximately $4,967,188.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $113.70, for a total value of $1,705,500.00. Following the transaction, the director now owns 720,225 shares in the company, valued at $81,889,582.50. The disclosure for this sale can be found here. Insiders sold 82,994 shares of company stock worth $10,010,168 over the last quarter. 4.00% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Hanseatic Management Services Inc. boosted its holdings in shares of Monolithic Power Systems by 1.2% during the 2nd quarter. Hanseatic Management Services Inc. now owns 3,740 shares of the semiconductor company’s stock worth $361,000 after buying an additional 45 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Monolithic Power Systems by 4.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,392 shares of the semiconductor company’s stock worth $231,000 after buying an additional 100 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Monolithic Power Systems by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after buying an additional 172 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Monolithic Power Systems by 2.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,867 shares of the semiconductor company’s stock worth $1,433,000 after buying an additional 337 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Monolithic Power Systems by 7.3% during the 2nd quarter. Amalgamated Bank now owns 5,717 shares of the semiconductor company’s stock worth $551,000 after buying an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 93.85% of the company’s stock.

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About Monolithic Power Systems

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.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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