Monolithic Power Systems, Inc. (MPWR) Receives $153.57 Average Target Price from Brokerages

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) have been given an average recommendation of “Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $153.57.

MPWR has been the topic of a number of research reports. Stifel Nicolaus boosted 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. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. KeyCorp boosted 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. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Finally, Raymond James cut Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 price objective on the stock. in a research note on Tuesday, September 25th.

Monolithic Power Systems stock traded down $4.37 during midday trading on Friday, reaching $124.85. The stock had a trading volume of 13,986 shares, compared to its average volume of 604,954. Monolithic Power Systems has a 12 month low of $101.99 and a 12 month high of $152.21. The stock has a market capitalization of $5.27 billion, a P/E ratio of 67.44, a P/E/G ratio of 2.02 and a beta of 1.49.

The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, September 27th. Monolithic Power Systems’s dividend payout ratio is presently 64.86%.

In other news, CFO Theodore Blegen sold 181 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $139.96, for a total transaction of $25,332.76. Following the sale, the chief financial officer now directly owns 56,125 shares in the company, valued at $7,855,255. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Deming Xiao sold 5,497 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $145.82, for a total value of $801,572.54. Following the sale, the insider now owns 314,002 shares in the company, valued at $45,787,771.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,093 shares of company stock worth $20,769,080. Company insiders own 4.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MPWR. First Hawaiian Bank bought a new stake in shares of Monolithic Power Systems during the third quarter valued at about $127,000. Grandeur Peak Global Advisors LLC bought a new position in shares of Monolithic Power Systems in the second quarter worth approximately $141,000. Engineers Gate Manager LP bought a new position in shares of Monolithic Power Systems in the second quarter worth approximately $201,000. Eagle Boston Investment Management Inc. bought a new position in shares of Monolithic Power Systems in the second quarter worth approximately $216,000. Finally, Signition LP bought a new position in shares of Monolithic Power Systems in the second quarter worth approximately $222,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

About Monolithic Power Systems

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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