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

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given a consensus recommendation of “Buy” by the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $127.71.

Several equities analysts have recently weighed in on the company. BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday. Zacks Investment Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th.

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In related news, VP Maurice Sciammas sold 4,419 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $122.04, for a total transaction of $539,294.76. Following the transaction, the vice president now directly owns 424,401 shares of the company’s stock, valued at approximately $51,793,898.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Deming Xiao sold 29,203 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $108.19, for a total value of $3,159,472.57. Following the transaction, the insider now directly owns 340,036 shares in the company, valued at $36,788,494.84. The disclosure for this sale can be found here. Insiders have sold a total of 334,741 shares of company stock worth $37,759,230 over the last three months. 4.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in MPWR. Goldman Sachs Group Inc. lifted its position in Monolithic Power Systems by 103.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 836,929 shares of the semiconductor company’s stock worth $94,038,000 after acquiring an additional 426,360 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Monolithic Power Systems during the 3rd quarter worth approximately $12,546,000. Deutsche Bank AG lifted its position in Monolithic Power Systems by 139.6% during the 4th quarter. Deutsche Bank AG now owns 148,806 shares of the semiconductor company’s stock worth $16,717,000 after acquiring an additional 86,705 shares in the last quarter. Icon Advisers Inc. Co. increased its holdings in Monolithic Power Systems by 990.5% during the 4th quarter. Icon Advisers Inc. Co. now owns 91,600 shares of the semiconductor company’s stock worth $10,292,000 after purchasing an additional 83,200 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Monolithic Power Systems by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 1,306,095 shares of the semiconductor company’s stock worth $146,759,000 after purchasing an additional 74,118 shares during the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ MPWR traded up $2.56 during midday trading on Friday, hitting $115.77. The stock had a trading volume of 298,933 shares, compared to its average volume of 284,226. The firm has a market capitalization of $4,877.62, a P/E ratio of 63.26, a P/E/G ratio of 2.43 and a beta of 1.25. Monolithic Power Systems has a 1-year low of $88.19 and a 1-year high of $127.61.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.02. The business had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. equities analysts expect that Monolithic Power Systems will post 2.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 28th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 1.04%. Monolithic Power Systems’s payout ratio is 64.86%.

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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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