1,197 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by IPG Investment Advisors LLC

IPG Investment Advisors LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,197 shares of the semiconductor company's stock, valued at approximately $1,655,000.

Other institutional investors have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC acquired a new stake in Monolithic Power Systems during the 2nd quarter worth about $35,000. Danske Bank A S acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at about $36,000. Continuum Advisory LLC purchased a new stake in shares of Monolithic Power Systems in the second quarter worth about $43,000. IFP Advisors Inc boosted its stake 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 buying an additional 24 shares during the last quarter. Finally, NBH Bank acquired a new stake in Monolithic Power Systems during the second quarter worth about $54,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 1.2%

Shares of MPWR opened at $1,203.75 on Thursday. The firm has a market cap of $59.15 billion, a P/E ratio of 73.80 and a beta of 1.66. Monolithic Power Systems, Inc. has a 12 month low of $830.00 and a 12 month high of $1,714.09. The stock's 50 day moving average is $1,320.47 and its two-hundred day moving average is $1,354.22.

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

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems's dividend payout ratio (DPR) is 49.05%.

Insider Activity

In related news, Director Kuo Wei Chang sold 50 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 160 shares of company stock worth $215,945. Company insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Arete Research set a $2,013.00 price target on Monolithic Power Systems and gave the company a "buy" rating in a report on Thursday, August 20th. Truist Financial boosted their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 31st. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an "overweight" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,731.42.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc NASDAQ: MPWR designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.

The company's portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.

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