Monolithic Power Systems, Inc. (MPWR) Receives $129.25 Consensus Target Price from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $129.25.

A number of equities analysts recently commented on the company. Stifel Nicolaus raised their target price on Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating and issued a $115.00 target price on shares of Monolithic Power Systems in a report on Friday, September 1st. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Oppenheimer raised their price target on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, BidaskClub cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd.

Monolithic Power Systems (MPWR) traded up $2.19 during mid-day trading on Thursday, hitting $112.45. The stock had a trading volume of 543,269 shares, compared to its average volume of 310,791. The stock has a market cap of $4,670.00, a P/E ratio of 68.15, a P/E/G ratio of 3.48 and a beta of 1.25. Monolithic Power Systems has a 52-week low of $81.36 and a 52-week high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The company had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. During the same period last year, the firm earned $0.66 EPS. Monolithic Power Systems’s revenue for the quarter was up 21.0% compared to the same quarter last year. research analysts forecast that Monolithic Power Systems will post 1.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.20 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.71%. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.38%.

In related news, VP Maurice Sciammas sold 1,693 shares of Monolithic Power Systems stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $104.09, for a total value of $176,224.37. Following the completion of the transaction, the vice president now owns 367,695 shares in the company, valued at $38,273,372.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Deming Xiao sold 6,004 shares of Monolithic Power Systems stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $123.06, for a total value of $738,852.24. Following the completion of the transaction, the insider now owns 280,865 shares of the company’s stock, valued at approximately $34,563,246.90. The disclosure for this sale can be found here. Insiders sold 97,994 shares of company stock worth $11,618,273 over the last ninety days. Insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $121,000. D.A. Davidson & CO. boosted its position in shares of Monolithic Power Systems by 13.2% during the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 172 shares during the period. Fortaleza Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 50.2% during the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after buying an additional 640 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Monolithic Power Systems by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 897 shares during the period. Finally, Campbell Newman Asset Management Inc. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $203,000. Institutional investors own 93.90% of the company’s stock.

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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.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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