Monolithic Power Systems, Inc. (NASDAQ:MPWR) hit a new 52-week high during trading on Tuesday . The company traded as high as $164.29 and last traded at $163.88, with a volume of 5326 shares trading hands. The stock had previously closed at $161.10.
A number of research analysts have recently commented on MPWR shares. BidaskClub raised Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. ValuEngine cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus upped their price target on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Loop Capital set a $180.00 price target on Monolithic Power Systems and gave the company a “buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus price target of $153.20.
The business has a fifty day moving average of $150.67 and a 200-day moving average of $143.36. The firm has a market cap of $6.73 billion, a PE ratio of 67.01, a PEG ratio of 2.73 and a beta of 1.60.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The business had revenue of $168.80 million for 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%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 EPS. Research analysts forecast that Monolithic Power Systems, Inc. will post 2.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. Monolithic Power Systems’s payout ratio is currently 66.95%.
In other news, VP Saria Tseng sold 2,948 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $159.63, for a total transaction of $470,589.24. Following the transaction, the vice president now directly owns 323,768 shares in the company, valued at approximately $51,683,085.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 999 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $156.58, for a total value of $156,423.42. Following the transaction, the chief financial officer now owns 95,998 shares in the company, valued at $15,031,366.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,820 shares of company stock worth $32,157,363. Insiders own 3.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in MPWR. Pearl River Capital LLC bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $25,000. Squar Milner Financial Services LLC grew its position in Monolithic Power Systems by 351.2% during the 3rd quarter. Squar Milner Financial Services LLC now owns 185 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 144 shares during the last quarter. Bessemer Group Inc. bought a new position in Monolithic Power Systems during the 2nd quarter worth approximately $33,000. Point72 Asset Management L.P. bought a new position in Monolithic Power Systems during the 2nd quarter worth approximately $41,000. Finally, Advisory Services Network LLC grew its position in Monolithic Power Systems by 36.4% during the 2nd quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 96.28% of the company’s stock.
About Monolithic Power Systems (NASDAQ:MPWR)
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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