Monolithic Power Systems Inc. (NASDAQ:MPWR) was upgraded by equities researchers at Raymond James Financial Inc. from an “outperform” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage presently has a $100.00 price objective on the stock, up from their prior price objective of $83.00. Raymond James Financial Inc.’s price target would suggest a potential upside of 22.20% from the company’s previous close.

A number of other equities research analysts also recently issued reports on MPWR. Needham & Company LLC reaffirmed a “buy” rating and set a $76.00 price target (up previously from $68.00) on shares of Monolithic Power Systems in a research note on Wednesday, July 27th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday, September 12th. Summit Redstone reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Monday, October 10th. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, November 1st. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $88.00 price target on shares of Monolithic Power Systems in a research note on Wednesday, November 2nd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.71.

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

Shares of Monolithic Power Systems (NASDAQ:MPWR) opened at 81.83 on Monday. The stock’s 50 day moving average is $78.74 and its 200-day moving average is $72.80. Monolithic Power Systems has a 52 week low of $55.05 and a 52 week high of $82.59. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 73.72 and a beta of 1.35.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Monday, October 31st. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. The company had revenue of $106.50 million for the quarter, compared to the consensus estimate of $105.98 million. Monolithic Power Systems had a net margin of 12.44% and a return on equity of 11.80%. Monolithic Power Systems’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. On average, equities analysts anticipate that Monolithic Power Systems will post $2.28 earnings per share for the current year.

In other news, VP Saria Tseng sold 6,319 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $77.79, for a total value of $491,555.01. Following the transaction, the vice president now directly owns 282,731 shares in the company, valued at $21,993,644.49. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 15,412 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $81.17, for a total transaction of $1,250,992.04. Following the transaction, the chief executive officer now owns 1,165,979 shares in the company, valued at $94,642,515.43. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MPWR. Victory Capital Management Inc. boosted its position in shares of Monolithic Power Systems by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,492 shares of the company’s stock valued at $102,000 after buying an additional 650 shares during the last quarter. Barclays PLC acquired a new position in shares of Monolithic Power Systems during the second quarter valued at about $104,000. Advisor Group Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter valued at about $133,000. D.A. Davidson & CO. boosted its position in shares of Monolithic Power Systems by 6.8% in the third quarter. D.A. Davidson & CO. now owns 1,699 shares of the company’s stock valued at $136,000 after buying an additional 108 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Monolithic Power Systems during the second quarter valued at about $154,000. Institutional investors own 99.62% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.

5 Day Chart for NASDAQ:MPWR

Receive News & Stock Ratings for Monolithic Power Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems Inc. and related stocks with our FREE daily email newsletter.