Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the company. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $98.50.

Several analysts have issued reports on MPWR shares. Deutsche Bank AG restated a “buy” rating and set a $97.00 price objective (up previously from $95.00) on shares of Monolithic Power Systems in a research note on Friday, April 28th. Zacks Investment Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $98.00 price target for the company in a research note on Friday, February 17th. Needham & Company LLC increased their price objective on Monolithic Power Systems from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $95.00 price objective (up previously from $88.00) on shares of Monolithic Power Systems in a research report on Monday, February 6th. Finally, Stifel Nicolaus reduced their target price on Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, April 26th.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 0.138% during midday trading on Friday, hitting $97.525. 21,228 shares of the stock were exchanged. The firm’s 50 day moving average is $93.38 and its 200-day moving average is $87.97. Monolithic Power Systems has a 1-year low of $62.38 and a 1-year high of $98.34. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 72.834 and a beta of 1.32.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. Monolithic Power Systems had a return on equity of 13.42% and a net margin of 13.56%. The firm had revenue of $100.40 million during the quarter, compared to the consensus estimate of $100.02 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. On average, analysts predict that Monolithic Power Systems will post $2.85 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/05/26/monolithic-power-systems-inc-mpwr-given-average-rating-of-buy-by-brokerages.html.

In related news, CEO Michael Hsing sold 18,815 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $96.13, for a total value of $1,808,685.95. Following the sale, the chief executive officer now directly owns 1,183,434 shares of the company’s stock, valued at approximately $113,763,510.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Saria Tseng sold 4,996 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $95.37, for a total transaction of $476,468.52. Following the completion of the sale, the vice president now directly owns 287,759 shares in the company, valued at $27,443,575.83. The disclosure for this sale can be found here. Insiders have sold a total of 97,233 shares of company stock valued at $8,973,821 in the last ninety days. Company insiders own 5.00% of the company’s stock.

Several large investors have recently modified their holdings of MPWR. Zevenbergen Capital Investments LLC raised its position in shares of Monolithic Power Systems by 18.5% in the third quarter. Zevenbergen Capital Investments LLC now owns 638,065 shares of the semiconductor company’s stock worth $51,364,000 after buying an additional 99,735 shares during the period. Comerica Bank raised its position in shares of Monolithic Power Systems by 11.2% in the fourth quarter. Comerica Bank now owns 28,769 shares of the semiconductor company’s stock worth $2,507,000 after buying an additional 2,887 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Monolithic Power Systems by 68.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,900 shares of the semiconductor company’s stock worth $236,000 after buying an additional 1,180 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Monolithic Power Systems by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 323,461 shares of the semiconductor company’s stock worth $26,502,000 after buying an additional 4,174 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth about $21,332,000. 97.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

12 Month Chart for NASDAQ:MPWR

Receive News & Ratings for Monolithic Power Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.