BidaskClub Downgrades Monolithic Power Systems (MPWR) to Buy

Monolithic Power Systems (NASDAQ:MPWR) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Several other brokerages have also issued reports on MPWR. Oppenheimer lifted their price target on Monolithic Power Systems from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, June 11th. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $147.00 to $155.00 and gave the company a “$141.80” rating in a report on Thursday, July 19th. Deutsche Bank lifted their price target on Monolithic Power Systems from $130.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of Monolithic Power Systems in a report on Friday, June 8th. Finally, KeyCorp lifted their price target on Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, August 29th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $150.56.

Shares of Monolithic Power Systems stock opened at $136.78 on Wednesday. The stock has a market cap of $5.98 billion, a PE ratio of 64.85, a PEG ratio of 2.31 and a beta of 1.47. Monolithic Power Systems has a 52-week low of $100.26 and a 52-week high of $152.21.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.90. The business had revenue of $139.76 million during the quarter, compared to analyst estimates of $139.45 million. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. sell-side analysts anticipate that Monolithic Power Systems will post 2.45 earnings per share for the current year.

In related news, CEO Michael Hsing sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $132.97, for a total value of $2,659,400.00. Following the transaction, the chief executive officer now directly owns 1,148,575 shares of the company’s stock, valued at approximately $152,726,017.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $137.31, for a total value of $2,059,650.00. Following the completion of the transaction, the director now directly owns 641,815 shares in the company, valued at $88,127,617.65. The disclosure for this sale can be found here. Insiders sold a total of 178,259 shares of company stock worth $25,151,897 over the last three months. 4.00% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Grandeur Peak Global Advisors LLC bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $141,000. Engineers Gate Manager LP bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $201,000. Eagle Boston Investment Management Inc. bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $216,000. Signition LP bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $222,000. Finally, Triangle Securities Wealth Management bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $224,000. 93.67% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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