Monolithic Power Systems Reaches New 52-Week High at $43.20 (MPWR)
Monolithic Power Systems (NASDAQ:MPWR)’s share price hit a new 52-week high on Tuesday , Stock Ratings Network reports. The stock traded as high as $43.20 and last traded at $43.15, with a volume of 138,620 shares. The stock had previously closed at $42.35.
MPWR has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday, June 16th. 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $40.49.
The stock has a 50-day moving average of $40.15 and a 200-day moving average of $36.70. The company has a market cap of $1.646 billion and a P/E ratio of 56.62.
Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 24th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, June 26th.
In other Monolithic Power Systems news, Director Jeff Zhou sold 20,882 shares of Monolithic Power Systems stock on the open market in a transaction dated Monday, June 30th. The shares were sold at an average price of $42.48, for a total transaction of $887,067.36. The transaction was disclosed in a legal filing with the SEC, 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.
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