Monolithic Power Systems, Inc. (MPWR) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) from a sell rating to a hold rating in a research report released on Wednesday morning.
According to Zacks, “Monolithic Power Systems, Inc. (MPWR) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS’ mission is to reduce total energy consumption in our customers’ systems and service our customers with green, practical, compact solutions. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world. The company was founded by Michael R. Hsing and James C. Moyer in 1997 and is headquartered in San Jose, CA. “
Several other brokerages have also weighed in on MPWR. Needham & Company LLC reaffirmed a buy rating and set a $140.00 price objective (up previously from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Stifel Nicolaus reissued a buy rating and issued a $117.00 price target (up previously from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $120.00 price target on shares of Monolithic Power Systems and gave the company a buy rating in a research report on Wednesday, July 26th. BidaskClub lowered shares of Monolithic Power Systems from a strong-buy rating to a buy rating in a research report on Wednesday, August 2nd. Finally, KeyCorp reissued a buy rating and issued a $115.00 price target on shares of Monolithic Power Systems in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $112.63.
Shares of Monolithic Power Systems (NASDAQ MPWR) opened at 106.55 on Wednesday. The stock has a 50 day moving average of $101.27 and a 200 day moving average of $97.05. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 75.14 and a beta of 1.22. Monolithic Power Systems has a 52-week low of $75.04 and a 52-week high of $107.87.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $112.20 million for the quarter, compared to analyst estimates of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. Equities analysts predict that Monolithic Power Systems will post $2.87 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio is 56.74%.
In other news, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.20, for a total value of $1,578,000.00. Following the sale, the director now owns 761,201 shares in the company, valued at $80,078,345.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Maurice Sciammas sold 1,693 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $104.09, for a total transaction of $176,224.37. Following the completion of the sale, the vice president now owns 367,695 shares in the company, valued at approximately $38,273,372.55. The disclosure for this sale can be found here. In the last three months, insiders sold 114,819 shares of company stock worth $11,663,786. Insiders own 4.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in MPWR. Quantbot Technologies LP acquired a new stake in shares of Monolithic Power Systems in the second quarter worth $121,000. D.A. Davidson & CO. grew its stake in shares of Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 172 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Monolithic Power Systems by 115.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 832 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Monolithic Power Systems in the first quarter worth $157,000. Finally, Fortaleza Asset Management Inc. grew its stake in shares of Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock worth $185,000 after acquiring an additional 640 shares during the last quarter. Institutional investors and hedge funds 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.
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