According to Zacks, “Monolithic designs, develops and markets high-performance power solutions.The company is benefiting from robust demand in high-end consumer markets, including the likes of IoT based products, lighting and home appliances. The company’s strength in robust product portfolio that targets In-Car connectivity and infotainment, advanced driver assistance system (“ADAS”) and rapid adoption of LED lightings in cars and vehicles is a key catalyst. However, sluggishness in China and uncertain macroeconomic environment remains a concern. Lack of geographic diversity in terms of end-customers is a headwind. Further, the company faces significant competition in the highly fragmented analog market. Moreover, the company provided soft first-quarter 2019 guidance.”
Several other brokerages have also weighed in on MPWR. BidaskClub upgraded shares of Monolithic Power Systems from a buy rating to a strong-buy rating in a research report on Friday, February 15th. Needham & Company LLC restated a buy rating and set a $145.00 target price on shares of Monolithic Power Systems in a research report on Monday, March 4th. Deutsche Bank upped their target price on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the stock a buy rating in a research report on Wednesday, February 13th. Finally, ValuEngine upgraded shares of Monolithic Power Systems from a hold rating to a buy rating in a research report on Thursday, January 10th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Monolithic Power Systems has a consensus rating of Buy and a consensus price target of $148.88.
Shares of Monolithic Power Systems stock traded up $3.38 on Wednesday, reaching $152.24. 282,272 shares of the stock were exchanged, compared to its average volume of 274,945. Monolithic Power Systems has a 1-year low of $101.99 and a 1-year high of $152.36. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 63.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.43.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.31. Monolithic Power Systems had a net margin of 18.08% and a return on equity of 18.22%. The business had revenue of $153.50 million for the quarter, compared to analyst estimates of $153.63 million. During the same period in the previous year, the business posted $0.82 earnings per share. The business’s revenue was up 18.6% compared to the same quarter last year. Equities analysts forecast that Monolithic Power Systems will post 2.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.40 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, March 28th. Monolithic Power Systems’s dividend payout ratio is presently 66.95%.
In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $120.59, for a total transaction of $1,808,850.00. Following the transaction, the director now directly owns 570,921 shares in the company, valued at $68,847,363.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Hsing sold 14,516 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $129.59, for a total transaction of $1,881,128.44. Following the transaction, the chief executive officer now owns 1,059,878 shares in the company, valued at $137,349,590.02. The disclosure for this sale can be found here. Insiders have sold 399,533 shares of company stock worth $53,722,602 over the last 90 days. 4.00% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its position in shares of Monolithic Power Systems by 81.3% in the fourth quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 139 shares during the last quarter. Cutler Group LP purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $58,000. Valeo Financial Advisors LLC lifted its stake in shares of Monolithic Power Systems by 553.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 437 shares during the period. TLP Group LLC purchased a new position in Monolithic Power Systems during the third quarter worth approximately $145,000. Finally, Captrust Financial Advisors raised its stake in Monolithic Power Systems by 38.0% during the fourth quarter. Captrust Financial Advisors now owns 1,318 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 363 shares during the period. Institutional investors and hedge funds own 99.17% 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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