The Monolithic Power Systems’ (MPWR) “Buy” Rating Reiterated at Summit Redstone

The Monolithic Power Systems’ (MPWR) “Buy” Rating Reiterated at Summit Redstone

Summit Redstone reissued their buy rating on shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) in a research note released on Monday morning.

A number of other research analysts have also issued reports on MPWR. Zacks Investment Research lowered shares of Monolithic Power Systems from a strong-buy rating to a hold rating in a research note on Wednesday, July 6th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $75.00 to $81.00 and gave the company a buy rating in a research note on Thursday, July 14th. Needham & Company LLC reissued a buy rating and set a $76.00 target price (up from $68.00) on shares of Monolithic Power Systems in a research note on Wednesday, July 27th. Finally, William Blair reissued an outperform rating on shares of Monolithic Power Systems in a research note on Monday, September 12th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $75.00.

Monolithic Power Systems (NASDAQ:MPWR) traded down 1.49% during mid-day trading on Monday, hitting $76.95. 190,877 shares of the stock traded hands. Monolithic Power Systems has a 12-month low of $55.05 and a 12-month high of $81.37. The stock has a 50 day moving average price of $77.16 and a 200 day moving average price of $70.04. The firm has a market cap of $3.12 billion, a PE ratio of 74.06 and a beta of 1.44.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The firm earned $94.10 million during the quarter, compared to analyst estimates of $93.08 million. Monolithic Power Systems had a net margin of 12.08% and a return on equity of 12.49%. Monolithic Power Systems’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. On average, analysts expect that Monolithic Power Systems will post $2.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.02%. Monolithic Power Systems’s payout ratio is currently 76.92%.

In other news, VP Saria Tseng sold 5,653 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $75.25, for a total transaction of $425,388.25. Following the sale, the vice president now owns 274,112 shares in the company, valued at $20,626,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Moyer sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $79.54, for a total transaction of $159,080.00. Following the sale, the director now owns 884,483 shares in the company, valued at approximately $70,351,777.82. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in Monolithic Power Systems by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,492 shares of the company’s stock worth $102,000 after buying an additional 650 shares in the last quarter. Barclays PLC purchased a new stake in Monolithic Power Systems during the second quarter worth about $104,000. Advisor Group Inc. purchased a new stake in Monolithic Power Systems during the second quarter worth about $133,000. Tower Research Capital LLC TRC purchased a new stake in Monolithic Power Systems during the second quarter worth about $154,000. Finally, Triangle Securities Wealth Management purchased a new stake in Monolithic Power Systems during the third quarter worth about $204,000. Institutional investors and hedge funds own 97.67% of the company’s stock.

Monolithic Power Systems Company Profile

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