Monolithic Power Systems Given Consensus Rating of “Buy” by Brokerages (NASDAQ:MPWR)
Monolithic Power Systems (NASDAQ:MPWR) has been given a consensus recommendation of “Buy” by the ten analysts that are covering the stock, Stock Ratings News reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $40.49.
A number of research firms have recently commented on MPWR. Analysts at Raymond James reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday. They now have a $46.00 price target on the stock, up previously from $43.00. Separately, 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. Finally, 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.
In other Monolithic Power Systems news, VP Maurice Sciammas unloaded 12,700 shares of the stock on the open market in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $42.00, for a total value of $533,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Monolithic Power Systems (NASDAQ:MPWR) opened at 42.07 on Friday. Monolithic Power Systems has a 52 week low of $23.47 and a 52 week high of $42.73. The stock’s 50-day moving average is $39.09 and its 200-day moving average is $36.17. The company has a market cap of $1.624 billion and a price-to-earnings ratio of 56.24.
Monolithic Power Systems (NASDAQ:MPWR) last released its earnings data 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.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, June 26th.
Monolithic Power Systems, Inc (NASDAQ:MPWR) is a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors.
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