Monolithic Power Systems, Inc. (NASDAQ:MPWR) has earned a consensus rating of “Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $151.80.
A number of equities analysts recently commented on MPWR shares. Loop Capital started coverage on Monolithic Power Systems in a report on Tuesday, June 18th. They issued a “buy” rating and a $144.00 price objective on the stock. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Needham & Company LLC downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th.
In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $129.18, for a total transaction of $1,937,700.00. Following the completion of the sale, the director now owns 497,260 shares of the company’s stock, valued at $64,236,046.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 26,122 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $149.66, for a total value of $3,909,418.52. Following the sale, the chief executive officer now directly owns 1,078,444 shares of the company’s stock, valued at approximately $161,399,929.04. The disclosure for this sale can be found here. Insiders have sold 205,816 shares of company stock valued at $28,347,417 in the last ninety days. Company insiders own 3.00% of the company’s stock.
NASDAQ:MPWR traded down $3.25 during mid-day trading on Tuesday, reaching $149.19. The stock had a trading volume of 158,404 shares, compared to its average volume of 281,123. The company has a 50 day moving average of $141.83. Monolithic Power Systems has a fifty-two week low of $101.99 and a fifty-two week high of $161.50. The company has a market cap of $6.59 billion, a PE ratio of 62.42, a P/E/G ratio of 2.42 and a beta of 1.68.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The firm had revenue of $151.00 million during the quarter, compared to analyst estimates of $150.56 million. During the same quarter in the prior year, the company posted $0.90 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Monolithic Power Systems will post 2.52 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. Monolithic Power Systems’s payout ratio is currently 66.95%.
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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