Raymond James Downgrades Monolithic Power Systems (MPWR) to Outperform

Raymond James cut shares of Monolithic Power Systems (NASDAQ:MPWR) from a strong-buy rating to an outperform rating in a research note issued to investors on Tuesday, September 25th, MarketBeat reports. Raymond James currently has $160.00 price target on the semiconductor company’s stock.

Several other analysts have also recently commented on the company. BidaskClub cut Monolithic Power Systems from a strong-buy rating to a buy rating in a research report on Wednesday, September 12th. Oppenheimer raised their target price on Monolithic Power Systems from $130.00 to $150.00 and gave the company an outperform rating in a research report on Monday, June 11th. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $147.00 to $155.00 and gave the company a $141.80 rating in a research report on Thursday, July 19th. Deutsche Bank lifted their price target on Monolithic Power Systems from $130.00 to $140.00 and gave the company a buy rating in a research report on Tuesday, June 5th. Finally, Needham & Company LLC reiterated a buy rating and set a $155.00 price target on shares of Monolithic Power Systems in a research report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $155.38.

NASDAQ:MPWR opened at $113.96 on Tuesday. Monolithic Power Systems has a 52 week low of $103.14 and a 52 week high of $152.21. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 61.60, a PEG ratio of 2.05 and a beta of 1.53.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.90. The business had revenue of $139.76 million for the quarter, compared to the consensus estimate of $139.45 million. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. On average, sell-side analysts expect that Monolithic Power Systems will post 2.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, September 27th. Monolithic Power Systems’s dividend payout ratio is presently 64.86%.

In other news, CFO Theodore Blegen sold 181 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $139.96, for a total value of $25,332.76. Following the completion of the sale, the chief financial officer now owns 56,125 shares of the company’s stock, valued at $7,855,255. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Hsing sold 25,332 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $150.36, for a total value of $3,808,919.52. Following the completion of the sale, the chief executive officer now directly owns 1,090,037 shares of the company’s stock, valued at approximately $163,897,963.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 174,129 shares of company stock valued at $24,183,574. Corporate insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zevenbergen Capital Investments LLC boosted its position in Monolithic Power Systems by 0.5% during the second quarter. Zevenbergen Capital Investments LLC now owns 635,530 shares of the semiconductor company’s stock valued at $84,951,000 after purchasing an additional 3,070 shares during the last quarter. Verition Fund Management LLC bought a new position in Monolithic Power Systems during the second quarter valued at about $1,420,000. Laurion Capital Management LP bought a new position in Monolithic Power Systems during the second quarter valued at about $279,000. BlackRock Inc. raised its holdings in Monolithic Power Systems by 10.8% during the first quarter. BlackRock Inc. now owns 4,657,674 shares of the semiconductor company’s stock valued at $539,220,000 after buying an additional 452,686 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Monolithic Power Systems by 6.0% during the second quarter. Janus Henderson Group PLC now owns 268,692 shares of the semiconductor company’s stock valued at $35,916,000 after buying an additional 15,237 shares in the last quarter. 93.63% 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 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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Analyst Recommendations for Monolithic Power Systems (NASDAQ:MPWR)

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