Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received an average recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $129.25.

MPWR has been the subject of several research analyst reports. Oppenheimer increased their price objective on Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Deutsche Bank raised their price target on Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and set a $115.00 price target on shares of Monolithic Power Systems in a research note on Friday, September 1st. Finally, Stifel Nicolaus raised their price target on Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th.

In other Monolithic Power Systems news, CEO Michael Hsing sold 19,765 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $123.06, for a total value of $2,432,280.90. Following the sale, the chief executive officer now owns 1,125,086 shares of the company’s stock, valued at approximately $138,453,083.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $113.70, for a total value of $1,705,500.00. Following the completion of the sale, the director now directly owns 720,225 shares in the company, valued at approximately $81,889,582.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,994 shares of company stock worth $11,618,273. 4.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio grew its holdings in shares of Monolithic Power Systems by 7.4% during the 2nd quarter. Strs Ohio now owns 5,800 shares of the semiconductor company’s stock worth $559,000 after purchasing an additional 400 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Monolithic Power Systems by 3.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 22,804 shares of the semiconductor company’s stock worth $2,196,000 after purchasing an additional 738 shares in the last quarter. World Asset Management Inc grew its holdings in shares of Monolithic Power Systems by 2.5% during the 2nd quarter. World Asset Management Inc now owns 2,420 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 60 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Monolithic Power Systems by 66.3% during the 2nd quarter. Sei Investments Co. now owns 15,926 shares of the semiconductor company’s stock worth $1,536,000 after purchasing an additional 6,347 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Monolithic Power Systems by 10.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 172,874 shares of the semiconductor company’s stock worth $16,666,000 after purchasing an additional 16,724 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down $1.31 during midday trading on Thursday, hitting $111.50. The stock had a trading volume of 343,000 shares, compared to its average volume of 278,383. Monolithic Power Systems has a twelve month low of $81.36 and a twelve month high of $126.80. The stock has a market capitalization of $4,630.00, a P/E ratio of 68.37, a price-to-earnings-growth ratio of 3.49 and a beta of 1.25.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.02. The firm had revenue of $128.90 million during the quarter, compared to the consensus estimate of $126.11 million. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. sell-side analysts expect that Monolithic Power Systems will post 1.8 EPS for the current year.

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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.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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