Zacks Investment Research upgraded shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) from a sell rating to a hold rating in a research note issued to investors 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. “

MPWR has been the topic of a number of other reports. BidaskClub lowered Monolithic Power Systems from a strong-buy rating to a buy rating in a research note on Wednesday, July 5th. Stifel Nicolaus reiterated a buy rating and set a $117.00 price objective (up from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. KeyCorp reiterated a buy rating and set a $115.00 price objective on shares of Monolithic Power Systems in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. set a $120.00 price objective on Monolithic Power Systems and gave the company a buy rating in a research note on Wednesday, July 26th. Finally, Needham & Company LLC reiterated a buy rating and set a $140.00 price objective (up from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $112.63.

Monolithic Power Systems (MPWR) traded up 0.11% during mid-day trading on Wednesday, hitting $106.55. The stock had a trading volume of 243,923 shares. The company’s 50 day moving average is $101.27 and its 200-day moving average is $97.05. The stock has a market capitalization of $4.41 billion, a P/E ratio of 75.14 and a beta of 1.22. Monolithic Power Systems has a 52 week low of $75.04 and a 52 week high of $107.87.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The company had revenue of $112.20 million for the quarter, compared to analyst estimates of $110.94 million. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, analysts expect that Monolithic Power Systems will post $2.87 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, September 28th. Monolithic Power Systems’s payout ratio is 56.74%.

In other news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $105.20, for a total value of $1,578,000.00. Following the completion of the transaction, the director now directly owns 761,201 shares in the company, valued at approximately $80,078,345.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Moyer sold 2,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $95.41, for a total value of $190,820.00. Following the completion of the transaction, the director now owns 805,758 shares of the company’s stock, valued at $76,877,370.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,819 shares of company stock valued at $11,663,786. 4.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sawtooth Solutions LLC boosted its holdings in shares of Monolithic Power Systems by 0.9% in the 2nd quarter. Sawtooth Solutions LLC now owns 2,519 shares of the semiconductor company’s stock worth $243,000 after purchasing an additional 23 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Monolithic Power Systems by 0.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,054 shares of the semiconductor company’s stock worth $742,000 after purchasing an additional 34 shares in the last quarter. First National Bank of Hutchinson boosted its holdings in shares of Monolithic Power Systems by 0.8% in the 2nd quarter. First National Bank of Hutchinson now owns 4,744 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 36 shares in the last quarter. Miles Capital Inc. boosted its holdings in shares of Monolithic Power Systems by 1.7% in the 1st quarter. Miles Capital Inc. now owns 2,704 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 45 shares in the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of Monolithic Power Systems by 1.2% in the 2nd quarter. Hanseatic Management Services Inc. now owns 3,740 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 93.19% 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. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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