Stifel Nicolaus reissued their buy rating on shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in a research note issued to investors on Wednesday morning. Stifel Nicolaus currently has a $117.00 target price on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the stock. Oppenheimer Holdings, Inc. increased their price target on shares of Monolithic Power Systems from $100.00 to $110.00 in a report on Monday, July 24th. Needham & Company LLC reissued a buy rating and issued a $140.00 price target (up from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. BidaskClub downgraded shares of Monolithic Power Systems from a strong-buy rating to a buy rating in a report on Wednesday, August 2nd. KeyCorp reissued a buy rating and issued a $115.00 price target on shares of Monolithic Power Systems in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Monolithic Power Systems from a sell rating to a hold rating in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $114.14.

Monolithic Power Systems (MPWR) traded up 0.25% during trading on Wednesday, reaching $107.99. 62,886 shares of the company’s stock traded hands. The company’s 50 day moving average is $102.23 and its 200-day moving average is $98.16. Monolithic Power Systems has a 52-week low of $75.04 and a 52-week high of $108.89. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 76.16 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly 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. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm had revenue of $112.20 million for the quarter, compared to the consensus estimate of $110.94 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts anticipate that Monolithic Power Systems will post $2.87 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.74%.

In related news, CFO Theodore Blegen sold 459 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $101.42, for a total value of $46,551.78. Following the transaction, the chief financial officer now directly owns 41,445 shares in the company, valued at $4,203,351.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Maurice Sciammas sold 10,828 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $101.60, for a total transaction of $1,100,124.80. Following the completion of the transaction, the vice president now owns 374,994 shares in the company, valued at $38,099,390.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,819 shares of company stock worth $11,472,966. 4.00% of the stock is owned by company insiders.

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

Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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