Monolithic Power Systems (MPWR) Downgraded by ValuEngine

ValuEngine cut shares of Monolithic Power Systems (NASDAQ:MPWR) from a buy rating to a hold rating in a research note published on Saturday morning.

Several other equities analysts have also recently issued reports on the company. BidaskClub cut Monolithic Power Systems from a hold rating to a sell rating in a research note on Wednesday, October 3rd. Raymond James cut Monolithic Power Systems from a strong-buy rating to an outperform rating and set a $160.00 price objective for the company. in a research note on Tuesday, September 25th. Needham & Company LLC reiterated a buy rating and issued a $155.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, September 13th. KeyCorp lifted their price objective on Monolithic Power Systems from $150.00 to $170.00 and gave the company an overweight rating in a research note on Wednesday, August 29th. Finally, Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $147.00 to $155.00 and gave the company a $141.80 rating in a research note on Thursday, July 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $152.78.

Shares of MPWR opened at $116.72 on Friday. The stock has a market capitalization of $5.31 billion, a PE ratio of 62.61, a P/E/G ratio of 2.05 and a beta of 1.53. Monolithic Power Systems has a 1 year low of $103.14 and a 1 year high of $152.21.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.90. The business had revenue of $139.76 million during the quarter, compared to analysts’ expectations of $139.45 million. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. As a group, sell-side analysts expect that Monolithic Power Systems will post 2.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 28th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, September 27th. Monolithic Power Systems’s payout ratio is 64.86%.

In related news, CEO Michael Hsing sold 15,870 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $126.18, for a total transaction of $2,002,476.60. Following the completion of the sale, the chief executive officer now owns 1,074,167 shares in the company, valued at $135,538,392.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 181 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $139.96, for a total value of $25,332.76. Following the sale, the chief financial officer now owns 56,125 shares of the company’s stock, valued at approximately $7,855,255. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,129 shares of company stock valued at $22,435,324. 4.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. purchased a new stake in Monolithic Power Systems in the third quarter valued at approximately $376,000. United Services Automobile Association lifted its stake in Monolithic Power Systems by 13.2% in the second quarter. United Services Automobile Association now owns 24,014 shares of the semiconductor company’s stock valued at $3,210,000 after buying an additional 2,800 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Monolithic Power Systems by 46.1% in the second quarter. Advisors Asset Management Inc. now owns 28,476 shares of the semiconductor company’s stock valued at $3,806,000 after buying an additional 8,979 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Monolithic Power Systems by 24.6% in the second quarter. Public Employees Retirement System of Ohio now owns 115,564 shares of the semiconductor company’s stock valued at $15,447,000 after buying an additional 22,813 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Monolithic Power Systems in the second quarter valued at approximately $1,420,000. Institutional investors own 93.63% of the company’s stock.

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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