SunTrust Banks, Inc. began coverage on shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in a research report report published on Tuesday. The brokerage issued a buy rating and a $132.00 price target on the semiconductor company’s stock.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Monolithic Power Systems from a hold rating to a sell rating in a research note on Wednesday, August 2nd. Pacific Crest restated an overweight rating and issued a $110.00 price target on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. KeyCorp restated a buy rating and issued a $115.00 price target on shares of Monolithic Power Systems in a research note on Friday, September 1st. Stifel Nicolaus restated a buy rating and issued a $117.00 price target on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. Finally, BidaskClub cut Monolithic Power Systems from a buy rating to a hold rating in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $116.38.

Shares of Monolithic Power Systems (NASDAQ MPWR) traded up 0.24% on Tuesday, reaching $111.82. The company had a trading volume of 29,145 shares. Monolithic Power Systems has a 52 week low of $75.04 and a 52 week high of $111.88. The company has a 50 day moving average of $103.50 and a 200-day moving average of $98.70. The company has a market capitalization of $4.63 billion, a P/E ratio of 78.75 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The company had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. During the same period last year, the firm earned $0.54 earnings per share. Monolithic Power Systems’s quarterly revenue was up 19.3% on a year-over-year basis. Analysts predict that Monolithic Power Systems will post $2.87 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.74%.

In related news, VP Maurice Sciammas sold 1,693 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $104.09, for a total value of $176,224.37. Following the transaction, the vice president now owns 367,695 shares in the company, valued at approximately $38,273,372.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $108.40, for a total value of $1,626,000.00. The disclosure for this sale can be found here. Insiders have sold 112,819 shares of company stock worth $11,634,216 in the last quarter. Insiders own 4.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in Monolithic Power Systems in the 2nd quarter valued at about $121,000. D.A. Davidson & CO. increased its position in Monolithic Power Systems by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 172 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Monolithic Power Systems by 115.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 832 shares during the period. Fortaleza Asset Management Inc. increased its position in Monolithic Power Systems by 50.2% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 640 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in Monolithic Power Systems in the 1st quarter valued at about $202,000. Hedge funds and other institutional investors own 93.19% of the company’s stock.

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.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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