Oppenheimer Holdings, Inc. set a $120.00 price target on Monolithic Power Systems, Inc. (NASDAQ:MPWR) in a research note released on Wednesday morning. The firm currently has a buy rating on the semiconductor company’s stock.

Several other research analysts have also recently weighed in on MPWR. Zacks Investment Research cut shares of Monolithic Power Systems from a hold rating to a sell rating in a report on Wednesday, April 12th. Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $105.00 to $97.00 and set a buy rating on the stock in a report on Wednesday, April 26th. Needham & Company LLC reaffirmed a buy rating and issued a $100.00 price target (up previously from $94.00) on shares of Monolithic Power Systems in a report on Thursday, April 27th. Deutsche Bank AG reaffirmed a buy rating and issued a $97.00 price target (up previously from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th. Finally, Pacific Crest reaffirmed an overweight rating and issued a $110.00 price target on shares of Monolithic Power Systems in a report on Wednesday, June 21st. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $112.29.

Monolithic Power Systems (NASDAQ MPWR) opened at 102.62 on Wednesday. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 72.37 and a beta of 1.22. Monolithic Power Systems has a 52 week low of $70.00 and a 52 week high of $107.87. The stock has a 50 day moving average price of $99.42 and a 200 day moving average price of $93.51.

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

ILLEGAL ACTIVITY NOTICE: This news story was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/monolithic-power-systems-inc-mpwr-given-a-120-00-price-target-by-oppenheimer-holdings-inc-analysts/1462301.html.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.78%. Monolithic Power Systems’s dividend payout ratio is presently 56.74%.

In related news, Director James C. Moyer sold 15,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $97.65, for a total value of $1,464,750.00. Following the transaction, the director now owns 790,758 shares of the company’s stock, valued at $77,217,518.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 4,604 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $99.00, for a total value of $455,796.00. Following the completion of the transaction, the chief financial officer now directly owns 42,530 shares in the company, valued at approximately $4,210,470. The disclosure for this sale can be found here. In the last three months, insiders sold 99,458 shares of company stock worth $9,457,369. 4.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama boosted its position in shares of Monolithic Power Systems by 1.2% in the first quarter. Retirement Systems of Alabama now owns 48,901 shares of the semiconductor company’s stock worth $4,504,000 after buying an additional 579 shares during the period. Columbus Circle Investors boosted its position in shares of Monolithic Power Systems by 8.3% in the first quarter. Columbus Circle Investors now owns 20,952 shares of the semiconductor company’s stock worth $1,930,000 after buying an additional 1,602 shares during the period. Capital Impact Advisors LLC boosted its position in shares of Monolithic Power Systems by 74.6% in the first quarter. Capital Impact Advisors LLC now owns 23,066 shares of the semiconductor company’s stock worth $2,124,000 after buying an additional 9,859 shares during the period. Cim LLC boosted its position in shares of Monolithic Power Systems by 7.2% in the first quarter. Cim LLC now owns 5,138 shares of the semiconductor company’s stock worth $473,000 after buying an additional 347 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Monolithic Power Systems by 3.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the semiconductor company’s stock worth $884,000 after buying an additional 300 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Monolithic Power Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.