Monolithic Power Systems (MPWR) Downgraded by BidaskClub to Hold

Monolithic Power Systems (NASDAQ:MPWR) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Monday, BidAskClub reports.

Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research lowered shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Needham & Company LLC lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Deutsche Bank boosted their price target on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $148.88.

NASDAQ:MPWR opened at $122.98 on Monday. Monolithic Power Systems has a one year low of $101.99 and a one year high of $161.22. The stock has a market capitalization of $5.37 billion, a PE ratio of 51.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.46.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. Monolithic Power Systems had a net margin of 18.43% and a return on equity of 17.99%. The business had revenue of $141.40 million during the quarter, compared to analyst estimates of $141.11 million. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that Monolithic Power Systems will post 2.62 earnings per share for the current year.

In related news, Director James C. Moyer sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $134.66, for a total transaction of $1,346,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Maurice Sciammas sold 3,563 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $145.00, for a total transaction of $516,635.00. Following the transaction, the vice president now owns 445,166 shares of the company’s stock, valued at approximately $64,549,070. The disclosure for this sale can be found here. In the last quarter, insiders have sold 263,601 shares of company stock valued at $36,460,878. 4.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Monolithic Power Systems by 1.7% during the 1st quarter. BlackRock Inc. now owns 4,237,893 shares of the semiconductor company’s stock worth $574,193,000 after purchasing an additional 69,101 shares during the last quarter. Vanguard Group Inc grew its position in Monolithic Power Systems by 6.2% during the 3rd quarter. Vanguard Group Inc now owns 3,553,528 shares of the semiconductor company’s stock worth $446,074,000 after purchasing an additional 208,362 shares during the last quarter. FMR LLC grew its position in Monolithic Power Systems by 3.2% during the 4th quarter. FMR LLC now owns 1,432,704 shares of the semiconductor company’s stock worth $166,552,000 after purchasing an additional 44,356 shares during the last quarter. Wells Fargo & Company MN grew its position in Monolithic Power Systems by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 1,298,612 shares of the semiconductor company’s stock worth $175,950,000 after purchasing an additional 24,394 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Monolithic Power Systems by 13.9% during the 1st quarter. JPMorgan Chase & Co. now owns 885,079 shares of the semiconductor company’s stock worth $119,919,000 after purchasing an additional 107,870 shares during the last quarter. 99.20% of the stock is currently owned by 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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