Research analysts at SunTrust Banks, Inc. started coverage on shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $132.00 price target on the semiconductor company’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 17.31% from the stock’s current price.
MPWR has been the topic of a number of other reports. Pacific Crest reissued an “overweight” rating and set a $110.00 target price on shares of Monolithic Power Systems in a report on Wednesday, June 21st. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price (up from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Zacks Investment Research lowered shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $117.00 target price on shares of Monolithic Power Systems in a report on Sunday, September 3rd. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $116.38.
Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $112.20 million for the quarter, compared to analyst estimates of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS.
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In other news, insider Deming Xiao sold 6,004 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $101.96, for a total value of $612,167.84. Following the completion of the sale, the insider now owns 284,102 shares in the company, valued at approximately $28,967,039.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $108.40, for a total transaction of $1,626,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 112,819 shares of company stock valued at $11,634,216 in the last 90 days. 4.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HWG Holdings LP lifted its holdings in Monolithic Power Systems by 123.5% during the second quarter. HWG Holdings LP now owns 21,579 shares of the semiconductor company’s stock valued at $2,080,000 after purchasing an additional 11,925 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in Monolithic Power Systems by 18.2% during the second quarter. Cookson Peirce & Co. Inc. now owns 30,395 shares of the semiconductor company’s stock valued at $2,930,000 after purchasing an additional 4,680 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in Monolithic Power Systems by 4.7% during the second quarter. Wasatch Advisors Inc. now owns 1,017,256 shares of the semiconductor company’s stock valued at $98,063,000 after purchasing an additional 46,077 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Monolithic Power Systems by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 77,289 shares of the semiconductor company’s stock valued at $7,451,000 after purchasing an additional 779 shares during the last quarter. Finally, 1st Global Advisors Inc. purchased a new stake in Monolithic Power Systems during the second quarter valued at about $209,000. Institutional investors own 93.19% of the company’s stock.
Monolithic Power Systems Company Profile
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.
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