Monolithic Power Systems, Inc. (MPWR) Lowered to Hold at Zacks Investment Research

Monolithic Power Systems, Inc. (MPWR) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) from a buy rating to a hold rating in a report issued on Tuesday.

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 subject of a number of other research reports. Summit Redstone restated a buy rating on shares of Monolithic Power Systems in a research note on Monday, October 10th. Raymond James Financial, Inc. upgraded shares of Monolithic Power Systems from an outperform rating to a strong-buy rating and raised their price target for the stock from $83.00 to $100.00 in a research note on Monday, November 21st. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $82.00 to $84.00 and gave the stock a buy rating in a research note on Tuesday, November 1st. Oppenheimer Holdings, Inc. restated an outperform rating and set a $88.00 price target on shares of Monolithic Power Systems in a research note on Wednesday, November 2nd. Finally, Needham & Company LLC restated a buy rating and set a $87.00 price target on shares of Monolithic Power Systems in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $86.57.

Monolithic Power Systems (NASDAQ:MPWR) opened at 89.78 on Tuesday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 80.88 and a beta of 1.33. Monolithic Power Systems has a 52 week low of $55.05 and a 52 week high of $91.76. The firm’s 50-day moving average price is $85.02 and its 200-day moving average price is $78.67.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The firm earned $106.50 million during the quarter, compared to analysts’ expectations of $105.98 million. Monolithic Power Systems had a net margin of 12.44% and a return on equity of 11.80%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. On average, equities analysts expect that Monolithic Power Systems will post $2.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Wednesday, December 28th. Monolithic Power Systems’s dividend payout ratio is currently 72.73%.

In related news, insider Deming Xiao sold 7,113 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $77.80, for a total value of $553,391.40. Following the completion of the sale, the insider now owns 285,489 shares of the company’s stock, valued at $22,211,044.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Hsing sold 21,093 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $77.80, for a total transaction of $1,641,035.40. Following the completion of the sale, the chief executive officer now directly owns 1,197,222 shares of the company’s stock, valued at approximately $93,143,871.60. The disclosure for this sale can be found here. In the last three months, insiders sold 68,100 shares of company stock valued at $5,450,554. 5.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in MPWR. Victory Capital Management Inc. boosted its position in shares of 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 position in shares of Monolithic Power Systems during the second quarter worth $104,000. Advisor Group Inc. purchased a new position in shares of Monolithic Power Systems during the second quarter worth $133,000. D.A. Davidson & CO. boosted its position in shares of Monolithic Power Systems by 6.8% in the third quarter. D.A. Davidson & CO. now owns 1,699 shares of the company’s stock worth $136,000 after buying an additional 108 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Monolithic Power Systems during the second quarter worth $154,000. 96.70% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.

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