Monolithic Power Systems (NASDAQ:MPWR) was downgraded by equities research analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a $160.00 price target on the semiconductor company’s stock. Raymond James’ price target indicates a potential upside of 26.04% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. KeyCorp increased their target price on Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, August 29th. Needham & Company LLC increased their target price on Monolithic Power Systems from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Deutsche Bank increased their target price on Monolithic Power Systems from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th. BidaskClub cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Oppenheimer increased their target price on Monolithic Power Systems from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, June 11th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $152.78.

MPWR opened at $126.94 on Tuesday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 59.24, a PEG ratio of 2.11 and a beta of 1.47. Monolithic Power Systems has a 52 week low of $103.00 and a 52 week high of $152.21.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.90. The business had revenue of $139.76 million for the quarter, compared to analysts’ expectations of $139.45 million. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. equities analysts forecast that Monolithic Power Systems will post 2.45 EPS for the current year.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 181 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $139.96, for a total transaction of $25,332.76. Following the completion of the sale, the chief financial officer now directly owns 56,125 shares in the company, valued at $7,855,255. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Hsing sold 20,000 shares of the company’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $132.97, for a total transaction of $2,659,400.00. Following the sale, the chief executive officer now owns 1,148,575 shares of the company’s stock, valued at $152,726,017.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,259 shares of company stock valued at $25,151,897. Company insiders own 4.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Zevenbergen Capital Investments LLC boosted its holdings in shares of Monolithic Power Systems by 0.5% during the second quarter. Zevenbergen Capital Investments LLC now owns 635,530 shares of the semiconductor company’s stock worth $84,951,000 after purchasing an additional 3,070 shares during the period. BlackRock Inc. boosted its holdings in shares of Monolithic Power Systems by 10.8% during the first quarter. BlackRock Inc. now owns 4,657,674 shares of the semiconductor company’s stock worth $539,220,000 after purchasing an additional 452,686 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Monolithic Power Systems by 6.0% during the second quarter. Janus Henderson Group PLC now owns 268,692 shares of the semiconductor company’s stock worth $35,916,000 after purchasing an additional 15,237 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $1,962,000. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of Monolithic Power Systems during the first quarter worth about $234,000. Institutional investors own 93.63% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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