Monolithic Power Systems’ (NASDAQ:MPWR) “Buy” Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus reissued their buy rating on shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in a research note released on Thursday, MarketBeat Ratings reports. They currently have a $117.00 target price on the semiconductor company’s stock, up from their previous target price of $110.00.
A number of other research firms have also commented on MPWR. Pacific Crest reiterated an overweight rating and set a $110.00 price objective on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of Monolithic Power Systems from a hold rating to a buy rating and set a $102.00 price objective on the stock in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of Monolithic Power Systems from a buy rating to a strong-buy rating in a research report on Thursday, July 13th. Deutsche Bank AG restated a buy rating and issued a $97.00 price target (up previously from $95.00) on shares of Monolithic Power Systems in a research report on Friday, April 28th. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of Monolithic Power Systems from $100.00 to $110.00 in a research report on Monday, July 24th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $112.29.
Monolithic Power Systems (NASDAQ:MPWR) traded up 0.04% during trading on Thursday, reaching $102.66. The company’s stock had a trading volume of 99,098 shares. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 72.40 and a beta of 1.23. The firm has a 50 day moving average of $99.42 and a 200 day moving average of $93.51. Monolithic Power Systems has a 52 week low of $70.00 and a 52 week high of $107.87.
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, beating the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Analysts expect that Monolithic Power Systems will post $2.87 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, June 28th. Monolithic Power Systems’s payout ratio is presently 56.74%.
In related news, insider Deming Xiao sold 6,003 shares of Monolithic Power Systems stock in a transaction on Friday, May 5th. The shares were sold at an average price of $92.27, for a total value of $553,896.81. Following the completion of the sale, the insider now owns 295,457 shares of the company’s stock, valued at approximately $27,261,817.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 19,765 shares of Monolithic Power Systems stock in a transaction on Friday, May 5th. The stock was sold at an average price of $92.27, for a total transaction of $1,823,716.55. Following the completion of the transaction, the chief executive officer now owns 1,222,014 shares in the company, valued at approximately $112,755,231.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,281 shares of company stock valued at $9,258,453. 4.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in MPWR. TrimTabs Asset Management LLC purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $128,000. Whittier Trust Co. of Nevada Inc. increased its position 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 valued at $150,000 after buying an additional 832 shares during the period. Segantii Capital Management Ltd purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $157,000. Oppenheimer & Co. Inc. purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $202,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 93.01% 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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