Monolithic Power Systems Inc. (NASDAQ:MPWR)‘s stock had its “buy” rating reissued by investment analysts at Summit Redstone in a research note issued to investors on Monday.
Several other equities research analysts have also commented on the company. Needham & Company LLC restated a “buy” rating and set a $87.00 target price (up previously from $76.00) on shares of Monolithic Power Systems in a research report on Thursday, September 22nd. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday, September 12th. Stifel Nicolaus upped their price target on Monolithic Power Systems from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, July 14th. Finally, Zacks Investment Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Monolithic Power Systems presently has a consensus rating of “Buy” and an average target price of $75.00.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 1.52% on Monday, hitting $76.92. The stock had a trading volume of 181,494 shares. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 74.03 and a beta of 1.44. The company has a 50-day moving average of $77.16 and a 200 day moving average of $70.04. Monolithic Power Systems has a 52 week low of $55.05 and a 52 week high of $81.37.
Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Monday, July 25th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. The company had revenue of $94.10 million for the quarter, compared to analyst estimates of $93.08 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts predict that Monolithic Power Systems will post $2.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 76.92%.
In related news, Director James C. Moyer sold 2,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $79.54, for a total transaction of $159,080.00. Following the completion of the sale, the director now directly owns 884,483 shares of the company’s stock, valued at $70,351,777.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Saria Tseng sold 6,320 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $72.66, for a total value of $459,211.20. Following the sale, the vice president now directly owns 280,056 shares of the company’s stock, valued at $20,348,868.96. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of MPWR. State Street Corp increased its stake in shares of Monolithic Power Systems by 1.4% in the first quarter. State Street Corp now owns 848,092 shares of the company’s stock worth $53,969,000 after buying an additional 11,822 shares during the last quarter. BlackRock Inc. increased its stake in shares of Monolithic Power Systems by 24.2% in the first quarter. BlackRock Inc. now owns 2,569 shares of the company’s stock worth $164,000 after buying an additional 501 shares during the last quarter. UBS Group AG increased its stake in shares of Monolithic Power Systems by 412.2% in the first quarter. UBS Group AG now owns 18,702 shares of the company’s stock worth $1,190,000 after buying an additional 15,051 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Monolithic Power Systems by 57.2% in the first quarter. Renaissance Technologies LLC now owns 693,286 shares of the company’s stock worth $44,121,000 after buying an additional 252,200 shares during the last quarter. Finally, HL Financial Services LLC increased its stake in shares of Monolithic Power Systems by 8.8% in the second quarter. HL Financial Services LLC now owns 42,297 shares of the company’s stock worth $2,890,000 after buying an additional 3,421 shares during the last quarter. 97.67% of the stock is owned by institutional investors.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.
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