Monolithic Power Systems (MPWR) Hits New 12-Month High at $151.40

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Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $151.40 and last traded at $151.52, with a volume of 7215 shares. The stock had previously closed at $150.38.

A number of equities analysts have recently issued reports on MPWR shares. KeyCorp raised their target price on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 29th. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Deutsche Bank raised their target price on shares of Monolithic Power Systems from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Cowen started coverage on shares of Monolithic Power Systems in a research report on Thursday, May 17th. They set an “outperform” rating and a $150.00 target price on the stock. Finally, Oppenheimer raised their target price on shares of Monolithic Power Systems from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, June 11th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus price target of $150.56.

The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 80.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.90. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. The firm had revenue of $139.76 million for the quarter, compared to analyst estimates of $139.45 million. During the same period last year, the firm posted $0.68 EPS. Monolithic Power Systems’s quarterly revenue was up 24.6% on a year-over-year basis. equities research analysts forecast that Monolithic Power Systems, Inc. will post 2.45 earnings per share for the current fiscal year.

In related news, VP Saria Tseng sold 4,729 shares of Monolithic Power Systems stock in a transaction on Monday, August 6th. The shares were sold at an average price of $135.65, for a total value of $641,488.85. Following the transaction, the vice president now directly owns 291,851 shares in the company, valued at approximately $39,589,588.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Maurice Sciammas sold 3,564 shares of Monolithic Power Systems stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $135.45, for a total transaction of $482,743.80. Following the completion of the transaction, the vice president now owns 392,772 shares in the company, valued at $53,200,967.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,259 shares of company stock worth $22,957,847. 4.00% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 46.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 28,476 shares of the semiconductor company’s stock worth $3,806,000 after purchasing an additional 8,979 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Monolithic Power Systems by 24.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 115,564 shares of the semiconductor company’s stock worth $15,447,000 after purchasing an additional 22,813 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $1,420,000. Jane Street Group LLC purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $4,779,000. Finally, Granahan Investment Management Inc. MA boosted its position in shares of Monolithic Power Systems by 18.3% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 18,126 shares of the semiconductor company’s stock worth $2,423,000 after purchasing an additional 2,804 shares in the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.

About Monolithic Power Systems (NASDAQ:MPWR)

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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