Monolithic Power Systems Inc. (MPWR) Receives Buy Rating from Needham & Company LLC
Monolithic Power Systems Inc. (NASDAQ:MPWR)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday. They currently have a $87.00 price objective on the stock. Needham & Company LLC’s price objective points to a potential upside of 13.80% from the company’s current price.
Several other equities analysts also recently commented on the stock. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday, September 12th. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, July 14th. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Monolithic Power Systems in a research note on Monday, June 6th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $75.00.
Shares of Monolithic Power Systems (NASDAQ:MPWR) opened at 76.45 on Thursday. Monolithic Power Systems has a one year low of $47.94 and a one year high of $78.45. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 73.58 and a beta of 1.58. The stock’s 50 day moving average price is $74.97 and its 200 day moving average price is $68.14.
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Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.54 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The business earned $94.10 million during the quarter, compared to the consensus estimate of $93.08 million. Monolithic Power Systems had a net margin of 12.08% and a return on equity of 12.49%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Analysts forecast that Monolithic Power Systems will post $2.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.05%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 76.92%.
In related news, VP Saria Tseng sold 6,320 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $72.66, for a total value of $459,211.20. Following the completion of the sale, the vice president now directly owns 280,056 shares of the company’s stock, valued at $20,348,868.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Deming Xiao sold 7,114 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $72.66, for a total transaction of $516,903.24. Following the completion of the sale, the insider now directly owns 284,286 shares of the company’s stock, valued at $20,656,220.76. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of Monolithic Power Systems by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,492 shares of the company’s stock worth $102,000 after buying an additional 650 shares during the period. Barclays PLC acquired a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $104,000. Advisor Group Inc. acquired a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $133,000. Tower Research Capital LLC TRC acquired a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $154,000. Finally, BlackRock Inc. boosted its stake in shares of Monolithic Power Systems by 24.2% in the first quarter. BlackRock Inc. now owns 2,569 shares of the company’s stock worth $164,000 after buying an additional 501 shares during the last quarter. 97.67% of the stock is owned by hedge funds and other institutional investors.
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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