1,192 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by Plato Investment Management Ltd

Key Points

• Plato Investment Management acquired 1,192 shares of Monolithic Power Systems worth approximately $1.64 million; institutional investors collectively own 93.46% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $1,705.82, while several firms recently raised their targets.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 versus $5.87 expected and revenue up 47.6% year over year to $980.64 million. Shares opened at $1,415.99, and the company maintains a quarterly dividend of $2.00 per share.

Plato Investment Management Ltd acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 1,192 shares of the semiconductor company's stock, valued at approximately $1,638,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IFP Advisors Inc boosted its holdings in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd lifted its holdings in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 9 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 28 shares during the period. Greenline Wealth Management LLC bought a new position in Monolithic Power Systems in the 4th quarter worth about $38,000. Finally, Essential Partners LLC boosted its stake in Monolithic Power Systems by 30.3% in the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 10 shares during the period. Institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. KeyCorp upped their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Weiss Ratings lowered shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,705.82.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the transaction, the director owned 565 shares of the company's stock, valued at $802,300. The trade was a 8.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff Zhou sold 486 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director directly owned 3,800 shares of the company's stock, valued at approximately $6,384,000. This represents a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 13,191 shares of company stock valued at $21,807,015. Company insiders own 3.60% of the company's stock.

Monolithic Power Systems Stock Up 1.0%

Monolithic Power Systems stock opened at $1,415.99 on Tuesday. The stock has a market cap of $69.59 billion, a price-to-earnings ratio of 86.82 and a beta of 1.69. The business has a 50-day simple moving average of $1,391.62 and a 200 day simple moving average of $1,342.90. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. During the same quarter last year, the firm posted $4.21 EPS. The company's revenue was up 47.6% compared to the same quarter last year. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 49.05%.

Monolithic Power Systems Profile

Monolithic Power Systems NASDAQ: MPWR is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

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