Monolithic Power Systems (NASDAQ:MPWR) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other analysts also recently issued reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 target price on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. KeyCorp reaffirmed a “buy” rating and issued a $115.00 target price on shares of Monolithic Power Systems in a research note on Friday, September 1st. Deutsche Bank raised their target price 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. SunTrust Banks initiated coverage on Monolithic Power Systems in a research note on Tuesday, October 10th. They issued a “buy” rating and a $132.00 target price for the company. Finally, Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $129.25.

Monolithic Power Systems (NASDAQ MPWR) opened at $112.45 on Friday. Monolithic Power Systems has a fifty-two week low of $81.36 and a fifty-two week high of $126.80. The firm has a market capitalization of $4,577.65, a price-to-earnings ratio of 66.82, a price-to-earnings-growth ratio of 3.41 and a beta of 1.26.

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

In other Monolithic Power Systems news, CFO Theodore Blegen sold 459 shares of Monolithic Power Systems stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $117.91, for a total value of $54,120.69. Following the completion of the transaction, the chief financial officer now directly owns 40,336 shares of the company’s stock, valued at approximately $4,756,017.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Saria Tseng sold 4,998 shares of Monolithic Power Systems stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $125.62, for a total value of $627,848.76. Following the completion of the transaction, the vice president now directly owns 266,726 shares of the company’s stock, valued at $33,506,120.12. The disclosure for this sale can be found here. Insiders have sold a total of 97,994 shares of company stock valued at $11,618,273 over the last three months. Corporate insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC grew its position in Monolithic Power Systems by 2.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 120,101 shares of the semiconductor company’s stock valued at $12,797,000 after acquiring an additional 3,245 shares in the last quarter. Visionary Asset Management Inc. acquired a new position in Monolithic Power Systems in the 3rd quarter valued at about $232,000. Neuberger Berman Group LLC boosted its stake in shares of Monolithic Power Systems by 0.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 318,008 shares of the semiconductor company’s stock valued at $33,884,000 after buying an additional 2,373 shares during the period. California Public Employees Retirement System boosted its stake in shares of Monolithic Power Systems by 2.4% in the 3rd quarter. California Public Employees Retirement System now owns 126,844 shares of the semiconductor company’s stock valued at $13,515,000 after buying an additional 2,944 shares during the period. Finally, Earnest Partners LLC boosted its stake in shares of Monolithic Power Systems by 0.4% in the 3rd quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock valued at $105,312,000 after buying an additional 3,973 shares during the period. 93.90% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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