Monolithic Power Systems (NASDAQ:MPWR) Upgraded to “Strong-Buy” at BidaskClub

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BidaskClub upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a buy rating to a strong-buy rating in a report released on Wednesday, BidAskClub reports.

Several other research analysts have also issued reports on MPWR. Loop Capital set a $180.00 price objective on Monolithic Power Systems and gave the stock a buy rating in a research note on Friday, September 27th. ValuEngine lowered Monolithic Power Systems from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus increased their price objective on Monolithic Power Systems from $172.00 to $175.00 and gave the stock a buy rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems presently has a consensus rating of Buy and a consensus target price of $153.20.

NASDAQ:MPWR traded up $1.68 during mid-day trading on Wednesday, reaching $165.04. The stock had a trading volume of 310,700 shares, compared to its average volume of 327,002. The stock has a market cap of $7.06 billion, a P/E ratio of 69.05, a PEG ratio of 2.85 and a beta of 1.60. Monolithic Power Systems has a fifty-two week low of $106.50 and a fifty-two week high of $165.08. The business’s 50 day moving average is $150.91 and its 200 day moving average is $143.45.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. The firm had revenue of $168.80 million during the quarter, compared to analysts’ expectations of $165.00 million. Monolithic Power Systems had a return on equity of 15.23% and a net margin of 16.93%. Monolithic Power Systems’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.06 earnings per share. Research analysts predict that Monolithic Power Systems will post 2.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 66.95%.

In other news, VP Maurice Sciammas sold 29,128 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $155.83, for a total value of $4,539,016.24. Following the completion of the sale, the vice president now directly owns 388,813 shares in the company, valued at $60,588,729.79. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James C. Moyer sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $145.52, for a total value of $1,455,200.00. Following the completion of the sale, the director now owns 457,260 shares of the company’s stock, valued at $66,540,475.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,946 shares of company stock valued at $27,081,734. 3.00% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in MPWR. BlackRock Inc. increased its position in Monolithic Power Systems by 4.0% in the second quarter. BlackRock Inc. now owns 4,406,881 shares of the semiconductor company’s stock worth $598,366,000 after purchasing an additional 168,988 shares during the period. Vanguard Group Inc. increased its position in Monolithic Power Systems by 3.0% in the second quarter. Vanguard Group Inc. now owns 3,683,123 shares of the semiconductor company’s stock worth $500,094,000 after purchasing an additional 105,831 shares during the period. Wells Fargo & Company MN increased its position in Monolithic Power Systems by 6.6% in the second quarter. Wells Fargo & Company MN now owns 1,384,712 shares of the semiconductor company’s stock worth $188,016,000 after purchasing an additional 86,100 shares during the period. Waddell & Reed Financial Inc. increased its position in Monolithic Power Systems by 0.9% in the second quarter. Waddell & Reed Financial Inc. now owns 1,186,682 shares of the semiconductor company’s stock worth $161,128,000 after purchasing an additional 11,093 shares during the period. Finally, Invesco Ltd. increased its position in Monolithic Power Systems by 91.4% in the second quarter. Invesco Ltd. now owns 1,182,914 shares of the semiconductor company’s stock worth $160,615,000 after purchasing an additional 564,907 shares during the period. Institutional investors own 96.28% 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.

See Also: Forex

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