Monolithic Power Systems (NASDAQ:MPWR) had its price target cut by KeyCorp from $170.00 to $150.00 in a research report released on Tuesday. They currently have an overweight rating on the semiconductor company’s stock. KeyCorp also issued estimates for Monolithic Power Systems’ Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.39 EPS, Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.84 EPS and FY2019 earnings at $2.93 EPS.

Several other brokerages have also recently weighed in on MPWR. BidaskClub cut shares of Monolithic Power Systems from a strong-buy rating to a buy rating in a research note on Wednesday, September 12th. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $147.00 to $155.00 and gave the stock a $141.80 rating in a research note on Thursday, July 19th. Needham & Company LLC reaffirmed a buy rating and set a $155.00 price target on shares of Monolithic Power Systems in a research report on Thursday, September 13th. Raymond James cut shares of Monolithic Power Systems from a strong-buy rating to an outperform rating and set a $160.00 price target on the stock. in a research report on Tuesday, September 25th. Finally, ValuEngine cut shares of Monolithic Power Systems from a buy rating to a hold rating in a research report on Saturday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $152.88.

Shares of Monolithic Power Systems stock opened at $114.35 on Tuesday. Monolithic Power Systems has a twelve month low of $103.14 and a twelve month high of $152.21. The firm has a market capitalization of $4.90 billion, a P/E ratio of 61.81, a price-to-earnings-growth ratio of 1.90 and a beta of 1.53.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share for the quarter, hitting the consensus estimate of $0.90. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. The company had revenue of $139.76 million for the quarter, compared to analysts’ expectations of $139.45 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, analysts forecast that Monolithic Power Systems will post 2.44 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.20 dividend on an annualized basis and a yield of 1.05%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 64.86%.

In other news, CEO Michael Hsing sold 25,332 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $150.36, for a total transaction of $3,808,919.52. Following the transaction, the chief executive officer now owns 1,090,037 shares in the company, valued at $163,897,963.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deming Xiao sold 3,019 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $135.45, for a total transaction of $408,923.55. Following the transaction, the insider now owns 326,720 shares in the company, valued at approximately $44,254,224. The disclosure for this sale can be found here. Insiders have sold 174,129 shares of company stock worth $24,183,574 in the last ninety days. Insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MPWR. Millennium Management LLC acquired a new position in shares of Monolithic Power Systems during the second quarter valued at about $39,941,000. Ardevora Asset Management LLP raised its holdings in shares of Monolithic Power Systems by 142,011.2% during the second quarter. Ardevora Asset Management LLP now owns 252,958 shares of the semiconductor company’s stock valued at $33,813,000 after purchasing an additional 252,780 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Monolithic Power Systems by 1,062.4% during the second quarter. Advisors Asset Management Inc. now owns 226,626 shares of the semiconductor company’s stock valued at $3,806,000 after purchasing an additional 207,129 shares during the period. Redwood Investments LLC acquired a new position in shares of Monolithic Power Systems during the first quarter valued at about $18,092,000. Finally, Paloma Partners Management Co raised its holdings in shares of Monolithic Power Systems by 3,955.9% during the second quarter. Paloma Partners Management Co now owns 126,099 shares of the semiconductor company’s stock valued at $16,856,000 after purchasing an additional 122,990 shares during the period. Hedge funds and other institutional investors own 93.55% 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 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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