Monolithic Power Systems, Inc. (MPWR) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) from a hold rating to a strong-buy rating in a research note published on Thursday. The brokerage currently has $140.00 target price on the semiconductor company’s stock.
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. “
A number of other equities research analysts have also recently commented on the stock. Oppenheimer Holdings, Inc. increased their price objective on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an outperform rating in a research note on Friday, October 27th. KeyCorp reissued a buy rating and issued a $115.00 price objective on shares of Monolithic Power Systems in a research note on Friday, September 1st. Stifel Nicolaus reissued a buy rating and issued a $117.00 price objective on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. BidaskClub cut shares of Monolithic Power Systems from a buy rating to a hold rating in a research note on Tuesday, August 22nd. Finally, SunTrust Banks, Inc. started coverage on shares of Monolithic Power Systems in a report on Tuesday, October 10th. They issued a buy rating and a $132.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Monolithic Power Systems has a consensus rating of Buy and an average price target of $124.78.
Shares of Monolithic Power Systems (MPWR) traded up $2.27 during midday trading on Thursday, reaching $122.15. 196,959 shares of the company were exchanged, compared to its average volume of 200,622. The firm has a market cap of $5,070.20, a PE ratio of 74.03, a price-to-earnings-growth ratio of 3.78 and a beta of 1.28. Monolithic Power Systems has a 12-month low of $75.08 and a 12-month high of $122.94.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The firm had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The firm’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. sell-side analysts anticipate that Monolithic Power Systems will post 1.8 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.65%. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.69%.
In other news, CFO Theodore Blegen sold 462 shares of the stock in a transaction dated Monday, October 30th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $108.40, for a total transaction of $1,626,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,991 shares of company stock worth $9,305,004. 4.00% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. AGF Investments America Inc. lifted its holdings in shares of Monolithic Power Systems by 23.9% during the 2nd quarter. AGF Investments America Inc. now owns 53,083 shares of the semiconductor company’s stock worth $5,117,000 after acquiring an additional 10,229 shares during the period. AGF Investments Inc. lifted its stake in Monolithic Power Systems by 28.9% in the second quarter. AGF Investments Inc. now owns 9,572 shares of the semiconductor company’s stock valued at $923,000 after buying an additional 2,146 shares during the last quarter. Franklin Resources Inc. lifted its stake in Monolithic Power Systems by 166.3% in the second quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock valued at $77,086,000 after buying an additional 499,387 shares during the last quarter. Pembroke Management LTD bought a new stake in Monolithic Power Systems in the second quarter valued at $8,945,000. Finally, Vanguard Group Inc. lifted its stake in Monolithic Power Systems by 5.4% in the first quarter. Vanguard Group Inc. now owns 3,032,784 shares of the semiconductor company’s stock valued at $279,320,000 after buying an additional 155,052 shares during the last quarter. Institutional investors and hedge funds own 93.15% 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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