Monolithic Power Systems (NASDAQ:MPWR) Sets New 1-Year High at $161.81

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) reached a new 52-week high during trading on Thursday . The company traded as high as $161.81 and last traded at $161.47, with a volume of 11088 shares. The stock had previously closed at $157.52.

A number of research firms have recently commented on MPWR. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $172.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Loop Capital began coverage on Monolithic Power Systems in a report on Tuesday, June 18th. They set a “buy” rating and a $144.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $150.63.

The business’s 50-day moving average is $150.36 and its two-hundred day moving average is $140.41. The stock has a market capitalization of $6.82 billion, a PE ratio of 67.50, a PEG ratio of 2.44 and a beta of 1.63.



Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The business had revenue of $151.00 million for the quarter, compared to analysts’ expectations of $150.56 million. During the same period last year, the company posted $0.90 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts expect that Monolithic Power Systems, Inc. will post 2.52 EPS for the current fiscal year.

In related news, VP Maurice Sciammas sold 7,979 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $131.09, for a total transaction of $1,045,967.11. Following the completion of the sale, the vice president now directly owns 393,823 shares of the company’s stock, valued at approximately $51,626,257.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Deming Xiao sold 4,305 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.56, for a total transaction of $600,805.80. Following the sale, the insider now directly owns 359,151 shares of the company’s stock, valued at $50,123,113.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 206,454 shares of company stock valued at $29,967,949. 3.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Monolithic Power Systems by 4.0% during the 2nd quarter. BlackRock Inc. now owns 4,406,881 shares of the semiconductor company’s stock worth $598,366,000 after purchasing an additional 168,988 shares during the period. Vanguard Group Inc. boosted its position in Monolithic Power Systems by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,683,123 shares of the semiconductor company’s stock valued at $500,094,000 after buying an additional 105,831 shares during the last quarter. Wells Fargo & Company MN boosted its position in Monolithic Power Systems by 6.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,384,712 shares of the semiconductor company’s stock valued at $188,016,000 after buying an additional 86,100 shares during the last quarter. Waddell & Reed Financial Inc. boosted its position in Monolithic Power Systems by 0.9% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,186,682 shares of the semiconductor company’s stock valued at $161,128,000 after buying an additional 11,093 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Monolithic Power Systems by 91.4% in the 2nd quarter. Invesco Ltd. now owns 1,182,914 shares of the semiconductor company’s stock valued at $160,615,000 after buying an additional 564,907 shares during the last quarter. 97.97% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Company Profile (NASDAQ:MPWR)

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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