Monolithic Power Systems, Inc. (NASDAQ:MPWR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Monolithic Power Systems, Inc. (MPWR) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS’ mission is to reduce total energy consumption in our customers’ systems and service our customers with green, practical, compact solutions. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world. The company was founded by Michael R. Hsing and James C. Moyer in 1997 and is headquartered in San Jose, CA. “

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and issued a $117.00 price objective on shares of Monolithic Power Systems in a research report on Sunday, September 3rd. KeyCorp restated a “buy” rating and issued a $115.00 price objective on shares of Monolithic Power Systems in a research report on Friday, September 1st. BidaskClub cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Needham & Company LLC restated a “buy” rating and issued a $140.00 price objective (up previously from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. set a $120.00 price objective on shares of Monolithic Power Systems and gave the company a “buy” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $112.63.

Monolithic Power Systems (NASDAQ MPWR) opened at 105.77 on Wednesday. Monolithic Power Systems has a 1-year low of $74.07 and a 1-year high of $107.87. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 74.59 and a beta of 1.22. The firm’s 50-day moving average is $101.35 and its 200-day moving average is $96.39.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. On average, equities analysts anticipate that Monolithic Power Systems will post $2.87 EPS for the current year.

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In other news, Director James C. Moyer sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $95.41, for a total value of $190,820.00. Following the transaction, the director now owns 805,758 shares of the company’s stock, valued at approximately $76,877,370.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deming Xiao sold 6,004 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $101.96, for a total transaction of $612,167.84. Following the completion of the transaction, the insider now directly owns 284,102 shares in the company, valued at approximately $28,967,039.92. The disclosure for this sale can be found here. Insiders sold a total of 102,730 shares of company stock worth $10,365,358 in the last ninety days. Insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MPWR. BlackRock Inc. boosted its stake in shares of Monolithic Power Systems by 25,140.6% in the 1st quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock valued at $385,591,000 after purchasing an additional 4,170,068 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Monolithic Power Systems by 98.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock valued at $112,070,000 after purchasing an additional 577,248 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Monolithic Power Systems by 166.3% in the 2nd quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock valued at $77,086,000 after purchasing an additional 499,387 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Monolithic Power Systems by 14,285.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 467,540 shares of the semiconductor company’s stock valued at $4,850,000 after purchasing an additional 464,290 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Monolithic Power Systems by 259.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 376,246 shares of the semiconductor company’s stock valued at $36,270,000 after purchasing an additional 271,527 shares during the last quarter. 93.37% of the stock is currently owned by institutional investors.

About Monolithic Power Systems

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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