Share on StockTwits

Shares of Monolithic Power Systems (NASDAQ:MPWR) reached a new 52-week high during mid-day trading on Friday , American Banking News.com reports. The stock traded as high as $40.87 and last traded at $40.43, with a volume of 128,269 shares traded. The stock had previously closed at $39.69.

A number of research firms have recently commented on MPWR. Analysts at Oppenheimer initiated coverage on shares of Monolithic Power Systems in a research note on Wednesday, May 14th. They set an “overweight” rating and a $46.00 price target on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of Monolithic Power Systems in a research note on Wednesday, May 14th. They set an “overweight” rating and a $46.00 price target on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, April 25th. They now have a $45.00 price target on the stock, up previously from $44.00. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $39.70.

The stock has a 50-day moving average of $37.92 and a 200-day moving average of $35.59. The company has a market cap of $1.552 billion and a price-to-earnings ratio of 53.06.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 24th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.13. The company had revenue of $60.06 million for the quarter, compared to the consensus estimate of $60.13 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post $1.55 EPS for the current fiscal year.

In other Monolithic Power Systems news, CFO Meera Rao sold 9,367 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $40.05, for a total value of $375,148.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Monolithic Power Systems, Inc (NASDAQ:MPWR) is a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.