Monolithic Power Systems, Inc. (MPWR) Receives Consensus Recommendation of “Buy” from Brokerages

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $129.25.

A number of research firms have commented on MPWR. BidaskClub raised Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday. Alex. Brown began coverage on Monolithic Power Systems in a report on Thursday, April 12th. They set a “strong-buy” rating and a $140.00 price target on the stock. Finally, Zacks Investment Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th.

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NASDAQ:MPWR opened at $123.99 on Wednesday. The stock has a market cap of $5,140.56, a price-to-earnings ratio of 67.02, a price-to-earnings-growth ratio of 2.56 and a beta of 1.28. Monolithic Power Systems has a 52 week low of $89.67 and a 52 week high of $127.61.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $129.43 million for the quarter, compared to analysts’ expectations of $126.19 million. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. The business’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. equities research analysts predict that Monolithic Power Systems will post 2.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 28th. Monolithic Power Systems’s payout ratio is 64.86%.

In other news, CFO Theodore Blegen sold 450 shares of Monolithic Power Systems stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $120.66, for a total value of $54,297.00. Following the sale, the chief financial officer now directly owns 40,142 shares of the company’s stock, valued at $4,843,533.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deming Xiao sold 4,382 shares of Monolithic Power Systems stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $113.85, for a total value of $498,890.70. Following the completion of the sale, the insider now directly owns 270,479 shares in the company, valued at $30,794,034.15. The disclosure for this sale can be found here. Insiders sold 354,741 shares of company stock worth $39,862,980 over the last ninety days. Insiders own 4.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its position in Monolithic Power Systems by 3.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,574 shares of the semiconductor company’s stock worth $1,412,000 after acquiring an additional 431 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Monolithic Power Systems by 12.1% in the third quarter. Asset Management One Co. Ltd. now owns 4,180 shares of the semiconductor company’s stock worth $445,000 after acquiring an additional 451 shares in the last quarter. American International Group Inc. grew its position in Monolithic Power Systems by 0.4% in the fourth quarter. American International Group Inc. now owns 105,135 shares of the semiconductor company’s stock worth $11,813,000 after acquiring an additional 467 shares in the last quarter. HL Financial Services LLC grew its position in Monolithic Power Systems by 0.9% in the fourth quarter. HL Financial Services LLC now owns 54,447 shares of the semiconductor company’s stock worth $6,118,000 after acquiring an additional 508 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. grew its position in Monolithic Power Systems by 22.8% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,965 shares of the semiconductor company’s stock worth $333,000 after acquiring an additional 551 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

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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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