Monolithic Power Systems (NASDAQ:MPWR) Coverage Initiated at Loop Capital

Research analysts at Loop Capital initiated coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research report issued to clients and investors on Tuesday, June 18th, MarketBeat Ratings reports. The firm set a “buy” rating and a $144.00 price target on the semiconductor company’s stock. Loop Capital’s target price suggests a potential upside of 5.54% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Monolithic Power Systems in a report on Monday, March 4th. BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Zacks Investment Research raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, ValuEngine lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $148.13.

NASDAQ MPWR opened at $136.44 on Tuesday. Monolithic Power Systems has a 52 week low of $101.99 and a 52 week high of $161.22. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 57.09, a P/E/G ratio of 2.08 and a beta of 1.68. The company’s 50-day simple moving average is $125.90.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.84 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The firm had revenue of $141.40 million during the quarter, compared to analyst estimates of $141.11 million. Monolithic Power Systems had a net margin of 18.43% and a return on equity of 17.99%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 EPS. On average, sell-side analysts anticipate that Monolithic Power Systems will post 2.61 earnings per share for the current fiscal year.

In related news, VP Maurice Sciammas sold 8,394 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.68, for a total value of $1,172,473.92. Following the completion of the sale, the vice president now directly owns 393,823 shares in the company, valued at $55,009,196.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Saria Tseng sold 6,495 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $155.33, for a total value of $1,008,868.35. Following the completion of the sale, the vice president now owns 317,813 shares of the company’s stock, valued at $49,365,893.29. The disclosure for this sale can be found here. Insiders have sold a total of 140,731 shares of company stock valued at $19,042,347 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. CWM LLC grew its stake in Monolithic Power Systems by 128.5% in the first quarter. CWM LLC now owns 377 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 212 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Monolithic Power Systems by 98.2% in the first quarter. Quadrant Capital Group LLC now owns 672 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 333 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Monolithic Power Systems in the first quarter valued at about $98,000. Captrust Financial Advisors boosted its holdings in Monolithic Power Systems by 38.0% in the fourth quarter. Captrust Financial Advisors now owns 1,318 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 363 shares in the last quarter. Finally, Marshall Wace North America L.P. boosted its holdings in Monolithic Power Systems by 10.1% in the first quarter. Marshall Wace North America L.P. now owns 1,518 shares of the semiconductor company’s stock worth $205,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 96.00% 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 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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