2 weeks Ago By Defense World Staff
Shares of Monolithic Power Systems, Inc. ( NASDAQ:MPWR – Get Free Report ) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports.
Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $952.30.
MPWR has been the subject of several analyst reports. Oppenheimer raised their target price on Monolithic Power Systems from $750.00 to $900.
00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Truist Financial lifted their price objective on Monolithic Power Systems from $799.00 to $918.
00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Raymond James increased their target price on shares of Monolithic Power Systems from $770.00 to $925.
00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $800.00 to $880.
00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.
00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Get Our Latest Report on Monolithic Power Systems Monolithic Power Systems Stock Down 2.1 % Monolithic Power Systems ( NASDAQ:MPWR – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st.
The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.
10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.
24%. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.
66 million. During the same quarter last year, the business earned $2.05 EPS.
The firm’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems will post 10.
41 EPS for the current year. Monolithic Power Systems Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.
25 dividend. This represents a $5.00 annualized dividend and a yield of 0.
54%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.
59%. Insider Transactions at Monolithic Power Systems In other Monolithic Power Systems news, EVP Deming Xiao sold 3,205 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $831.
58, for a total value of $2,665,213.90. Following the completion of the sale, the executive vice president now owns 203,213 shares of the company’s stock, valued at $168,987,866.
54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In related news, CFO Theodore Blegen sold 2,580 shares of the company’s stock in a transaction dated Monday, July 22nd.
The shares were sold at an average price of $831.58, for a total value of $2,145,476.40.
Following the sale, the chief financial officer now owns 67,406 shares in the company, valued at approximately $56,053,481.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .
Also, EVP Deming Xiao sold 3,205 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $2,665,213.
90. Following the completion of the transaction, the executive vice president now owns 203,213 shares in the company, valued at approximately $168,987,866.54.
The disclosure for this sale can be found here . Insiders have sold 55,034 shares of company stock valued at $48,181,625 in the last 90 days. 3.
20% of the stock is currently owned by corporate insiders. Institutional Trading of Monolithic Power Systems Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Monolithic Power Systems by 95.
1% during the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after acquiring an additional 148,771 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Monolithic Power Systems by 311.
8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after purchasing an additional 141,277 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Monolithic Power Systems by 1,947.
1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after buying an additional 136,391 shares during the last quarter. Vanguard Group Inc.
grew its position in Monolithic Power Systems by 1.7% during the fourth quarter. Vanguard Group Inc.
now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after buying an additional 90,589 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Monolithic Power Systems by 10.0% during the fourth quarter.
Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after buying an additional 85,676 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Company Profile ( Get Free Report Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications. Featured Articles Five stocks we like better than Monolithic Power Systems Stock Ratings and Recommendations: Understanding Analyst Ratings Simon Property REIT: A Safe Bet for Growth and Steady Dividends What Are the U.
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