Monolithic Power Systems, Inc. (MPWR) Receives Average Recommendation of “Buy” from Brokerages
Monolithic Power Systems, Inc. (NASDAQ:MPWR) has earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $127.71.
A number of research firms have recently commented on MPWR. 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 report on Tuesday, November 7th. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. KeyCorp reissued a “buy” rating and set a $125.00 price objective on shares of Monolithic Power Systems in a research note on Friday, October 27th. Finally, Oppenheimer lifted their price objective on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 27th.
In other Monolithic Power Systems news, CFO Theodore Blegen sold 462 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $120.68, for a total transaction of $55,754.16. Following the sale, the chief financial officer now owns 41,160 shares in the company, valued at $4,967,188.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 19,765 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were 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 in the company, valued at approximately $138,453,083.16. The disclosure for this sale can be found here. Insiders have sold 82,994 shares of company stock valued at $10,010,168 in the last three months. 4.00% of the stock is owned by corporate insiders.
Monolithic Power Systems (NASDAQ:MPWR) opened at $120.07 on Monday. Monolithic Power Systems has a twelve month low of $82.28 and a twelve month high of $126.80. The company has a market capitalization of $4,984.94, a price-to-earnings ratio of 74.58, a PEG ratio of 2.60 and a beta of 1.26.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $128.90 million during the quarter, compared to analyst estimates of $126.11 million. During the same period last year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. equities analysts predict that Monolithic Power Systems will post 1.8 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, December 28th. Monolithic Power Systems’s dividend payout ratio is 49.69%.
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.
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