Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) have earned an average recommendation of “Buy” from the nine analysts that are covering the company. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $72.83.

MPWR has been the subject of several recent research reports. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Monolithic Power Systems in a research report on Monday, June 6th. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research report on Monday, September 12th. Needham & Company LLC restated a “buy” rating and set a $76.00 target price (up from $68.00) on shares of Monolithic Power Systems in a research report on Wednesday, July 27th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, July 14th. Finally, Zacks Investment Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th.

Monolithic Power Systems (NASDAQ:MPWR) traded down 0.57% during mid-day trading on Tuesday, hitting $75.53. 63,767 shares of the stock traded hands. The company’s 50 day moving average is $74.74 and its 200 day moving average is $67.98. Monolithic Power Systems has a 12 month low of $47.94 and a 12 month high of $78.45. The company has a market cap of $3.06 billion, a P/E ratio of 72.69 and a beta of 1.58.

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Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The company earned $94.10 million during the quarter, compared to analyst estimates of $93.08 million. Monolithic Power Systems had a net margin of 12.08% and a return on equity of 12.49%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. On average, analysts expect that Monolithic Power Systems will post $2.26 earnings per share for the current fiscal year.

In other Monolithic Power Systems news, VP Saria Tseng sold 5,653 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $75.25, for a total value of $425,388.25. Following the completion of the transaction, the vice president now directly owns 274,112 shares in the company, valued at $20,626,928. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Hsing sold 21,094 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $72.66, for a total transaction of $1,532,690.04. Following the completion of the transaction, the chief executive officer now owns 1,208,497 shares of the company’s stock, valued at $87,809,392.02. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Monolithic Power Systems by 3.7% in the second quarter. Vanguard Group Inc. now owns 2,924,903 shares of the company’s stock worth $199,829,000 after buying an additional 105,377 shares during the last quarter. BlackRock Fund Advisors raised its position in Monolithic Power Systems by 2.3% in the second quarter. BlackRock Fund Advisors now owns 2,453,385 shares of the company’s stock worth $167,615,000 after buying an additional 55,079 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Monolithic Power Systems by 186.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,283,076 shares of the company’s stock worth $81,655,000 after buying an additional 835,200 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Monolithic Power Systems by 3.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 933,170 shares of the company’s stock worth $63,754,000 after buying an additional 27,361 shares during the last quarter. Finally, State Street Corp raised its position in 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. Institutional investors and hedge funds own 97.94% of the company’s stock.

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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