BidaskClub upgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.
Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Monolithic Power Systems from a strong-buy rating to a hold rating in a research note on Wednesday, December 27th. Raymond James Financial initiated coverage on Monolithic Power Systems in a research note on Thursday, April 12th. They set a strong-buy rating and a $140.00 price target on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $130.44.
Shares of Monolithic Power Systems stock opened at $122.01 on Friday. The firm has a market cap of $5,090.84, a PE ratio of 65.95, a PEG ratio of 2.53 and a beta of 1.28. Monolithic Power Systems has a 12 month low of $89.21 and a 12 month high of $127.61.
The company also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 0.98%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 64.86%.
In related news, VP Saria Tseng sold 4,057 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $113.85, for a total transaction of $461,889.45. Following the sale, the vice president now owns 262,669 shares of the company’s stock, valued at $29,904,865.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 450 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $120.66, for a total value of $54,297.00. Following the sale, the chief financial officer now directly owns 40,142 shares in the company, valued at approximately $4,843,533.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 354,741 shares of company stock worth $39,862,980. 4.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of MPWR. Legal & General Group Plc boosted its position in Monolithic Power Systems by 9.2% during the third quarter. Legal & General Group Plc now owns 34,112 shares of the semiconductor company’s stock valued at $3,635,000 after purchasing an additional 2,863 shares in the last quarter. Schroder Investment Management Group bought a new stake in Monolithic Power Systems during the third quarter valued at about $514,000. Envestnet Asset Management Inc. boosted its position in Monolithic Power Systems by 9.1% during the third quarter. Envestnet Asset Management Inc. now owns 12,143 shares of the semiconductor company’s stock valued at $1,294,000 after purchasing an additional 1,008 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Monolithic Power Systems by 4.1% during the third quarter. Allianz Asset Management GmbH now owns 80,864 shares of the semiconductor company’s stock valued at $8,616,000 after purchasing an additional 3,169 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Monolithic Power Systems by 12.1% during the third quarter. Asset Management One Co. Ltd. now owns 4,180 shares of the semiconductor company’s stock valued at $445,000 after purchasing an additional 451 shares in the last quarter. 91.07% 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. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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