Monolithic Power Systems, Inc. (NASDAQ:MPWR) Given Average Recommendation of “Buy” by Analysts
Monolithic Power Systems, Inc. (NASDAQ:MPWR) has earned a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $99.83.
Several research firms recently issued reports on MPWR. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Pacific Crest reaffirmed an “overweight” rating and issued a $110.00 price target on shares of Monolithic Power Systems in a report on Wednesday, June 21st. Stifel Nicolaus cut their price target on shares of Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $97.00 price target (up from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th.
In other news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $97.65, for a total transaction of $1,464,750.00. Following the completion of the transaction, the director now owns 790,758 shares in the company, valued at $77,217,518.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Moyer sold 2,000 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $91.36, for a total transaction of $182,720.00. Following the transaction, the director now owns 834,758 shares of the company’s stock, valued at approximately $76,263,490.88. The disclosure for this sale can be found here. Insiders have sold 99,470 shares of company stock valued at $9,458,509 in the last 90 days. Insiders own 4.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MPWR. BlackRock Inc. raised its position in shares of Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock worth $385,591,000 after buying an additional 4,170,068 shares in the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems during the fourth quarter worth about $21,332,000. MARSHALL WACE ASIA Ltd bought a new position in shares of Monolithic Power Systems during the first quarter worth about $22,538,000. Marshall Wace North America L.P. bought a new position in shares of Monolithic Power Systems during the first quarter worth about $22,538,000. Finally, Bank of Montreal Can raised its position in shares of Monolithic Power Systems by 110.0% in the first quarter. Bank of Montreal Can now owns 373,545 shares of the semiconductor company’s stock worth $34,404,000 after buying an additional 195,666 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.
Shares of Monolithic Power Systems (NASDAQ MPWR) traded down 0.32% during midday trading on Monday, reaching $100.47. 18,779 shares of the company traded hands. The company has a 50 day moving average of $97.60 and a 200 day moving average of $91.09. The firm has a market capitalization of $4.15 billion, a P/E ratio of 75.03 and a beta of 1.23. Monolithic Power Systems has a 12 month low of $70.00 and a 12 month high of $103.92.
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 consensus estimate of $0.28 by $0.06. The firm had revenue of $100.40 million for the quarter, compared to analysts’ expectations of $100.02 million. Monolithic Power Systems had a net margin of 14.00% and a return on equity of 13.83%. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, equities research analysts predict that Monolithic Power Systems will post $2.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.79%. Monolithic Power Systems’s dividend payout ratio is currently 60.15%.
About Monolithic Power Systems
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.
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