Monolithic Power Systems (NASDAQ:MPWR) had its target price boosted by SunTrust Banks from $212.00 to $265.00 in a report issued on Friday, The Fly reports. They currently have a buy rating on the semiconductor company’s stock.

Several other research firms have also commented on MPWR. Cowen boosted their price target on Monolithic Power Systems from $200.00 to $215.00 and gave the stock an outperform rating in a research report on Wednesday, April 29th. ValuEngine lowered Monolithic Power Systems from a buy rating to a hold rating in a research report on Friday, May 1st. Rosenblatt Securities lifted their price objective on Monolithic Power Systems from $200.00 to $270.00 and gave the stock a buy rating in a report on Sunday, June 21st. Raymond James lifted their price objective on Monolithic Power Systems from $190.00 to $215.00 and gave the stock an outperform rating in a report on Wednesday, April 29th. Finally, Deutsche Bank lifted their price objective on Monolithic Power Systems from $185.00 to $205.00 and gave the stock a buy rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $220.89.

Monolithic Power Systems stock opened at $229.95 on Friday. The stock’s 50 day moving average price is $214.81 and its 200 day moving average price is $185.00. The firm has a market capitalization of $10.12 billion, a PE ratio of 89.82, a price-to-earnings-growth ratio of 3.38 and a beta of 1.23. Monolithic Power Systems has a one year low of $130.12 and a one year high of $238.94.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The firm had revenue of $165.78 million for the quarter, compared to analyst estimates of $161.15 million. Monolithic Power Systems had a return on equity of 14.87% and a net margin of 18.15%. Monolithic Power Systems’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. On average, sell-side analysts anticipate that Monolithic Power Systems will post 2.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is 79.05%.

In related news, insider Deming Xiao sold 4,380 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $162.58, for a total transaction of $712,100.40. Following the completion of the transaction, the insider now directly owns 351,573 shares in the company, valued at approximately $57,158,738.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Saria Tseng sold 18,171 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $200.00, for a total value of $3,634,200.00. Following the transaction, the vice president now owns 306,653 shares of the company’s stock, valued at $61,330,600. The disclosure for this sale can be found here. Insiders sold a total of 168,984 shares of company stock valued at $32,074,139 over the last quarter. Company insiders own 3.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of MPWR. BlackRock Inc. raised its position in shares of Monolithic Power Systems by 1.7% during the first quarter. BlackRock Inc. now owns 4,662,142 shares of the semiconductor company’s stock worth $780,724,000 after purchasing an additional 76,946 shares during the period. Wellington Management Group LLP raised its position in shares of Monolithic Power Systems by 15.2% during the first quarter. Wellington Management Group LLP now owns 2,070,255 shares of the semiconductor company’s stock worth $346,685,000 after purchasing an additional 273,269 shares during the period. Wasatch Advisors Inc. raised its position in shares of Monolithic Power Systems by 9.2% during the first quarter. Wasatch Advisors Inc. now owns 1,367,953 shares of the semiconductor company’s stock worth $229,077,000 after purchasing an additional 115,564 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Monolithic Power Systems by 19.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,138,693 shares of the semiconductor company’s stock worth $202,710,000 after purchasing an additional 187,211 shares during the period. Finally, State Street Corp raised its position in Monolithic Power Systems by 1.2% during the first quarter. State Street Corp now owns 1,067,484 shares of the semiconductor company’s stock valued at $179,291,000 after buying an additional 12,863 shares during the period. Hedge funds and other institutional investors own 94.53% 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 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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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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