Monolithic Power Systems, Inc. (NASDAQ:MPWR) PT Raised to $137.00 at Stifel Nicolaus

Monolithic Power Systems, Inc. (NASDAQ:MPWR) had its target price lifted by Stifel Nicolaus from $126.00 to $137.00 in a report released on Tuesday, November 7th, Marketbeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Monolithic Power Systems from a buy rating to a strong-buy rating in a research report on Thursday, July 13th. Oppenheimer Holdings, Inc. set a $120.00 price objective on shares of Monolithic Power Systems and gave the company a buy rating in a report on Wednesday, July 26th. SunTrust Banks, Inc. assumed coverage on shares of Monolithic Power Systems in a report on Tuesday, October 10th. They issued a buy rating and a $132.00 price objective on the stock. Needham & Company LLC reaffirmed a buy rating and issued a $140.00 price objective (up from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Monolithic Power Systems from a hold rating to a sell rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems has an average rating of Buy and a consensus target price of $129.25.

Monolithic Power Systems (MPWR) opened at $125.54 on Tuesday. The stock has a market cap of $5,212.04, a P/E ratio of 76.08, a PEG ratio of 3.88 and a beta of 1.28. Monolithic Power Systems has a 12-month low of $75.08 and a 12-month high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.02. The company had revenue of $128.90 million for the quarter, compared to the consensus estimate of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. Monolithic Power Systems’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. analysts predict that Monolithic Power Systems will post 1.8 earnings per share for the current year.

In other news, VP Saria Tseng sold 4,998 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $125.62, for a total transaction of $627,848.76. Following the completion of the sale, the vice president now owns 266,726 shares of the company’s stock, valued at $33,506,120.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Maurice Sciammas sold 1,693 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $104.09, for a total transaction of $176,224.37. Following the sale, the vice president now directly owns 367,695 shares of the company’s stock, valued at approximately $38,273,372.55. The disclosure for this sale can be found here. Insiders have sold 99,994 shares of company stock valued at $11,687,704 over the last 90 days. 4.00% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC grew its holdings in shares of Monolithic Power Systems by 53.9% in the first quarter. Teachers Advisors LLC now owns 202,011 shares of the semiconductor company’s stock valued at $18,605,000 after purchasing an additional 70,786 shares during the period. Legal & General Group Plc grew its holdings in shares of Monolithic Power Systems by 27.8% in the first quarter. Legal & General Group Plc now owns 24,653 shares of the semiconductor company’s stock valued at $2,269,000 after purchasing an additional 5,365 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Monolithic Power Systems by 6.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 156,150 shares of the semiconductor company’s stock valued at $14,382,000 after purchasing an additional 9,984 shares during the period. Paloma Partners Management Co grew its holdings in shares of Monolithic Power Systems by 119.3% in the first quarter. Paloma Partners Management Co now owns 6,348 shares of the semiconductor company’s stock valued at $585,000 after purchasing an additional 3,453 shares during the period. Finally, Credit Suisse AG grew its holdings in shares of Monolithic Power Systems by 17.7% in the first quarter. Credit Suisse AG now owns 84,387 shares of the semiconductor company’s stock valued at $7,772,000 after purchasing an additional 12,714 shares during the period. 92.45% of the stock is owned by institutional investors and hedge funds.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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