Frank Rimerman Advisors LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,263 shares of the semiconductor company's stock, valued at approximately $733,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. Brighton Jones LLC increased its holdings in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 200 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $454,000. FIL Ltd increased its holdings in shares of Monolithic Power Systems by 86.3% during the fourth quarter. FIL Ltd now owns 598 shares of the semiconductor company's stock valued at $354,000 after acquiring an additional 277 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Monolithic Power Systems by 210.6% during the fourth quarter. Advisory Services Network LLC now owns 1,910 shares of the semiconductor company's stock valued at $1,130,000 after acquiring an additional 1,295 shares in the last quarter. Finally, DRW Securities LLC bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $226,000. Hedge funds and other institutional investors own 93.46% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Loop Capital lifted their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Citigroup reissued a "buy" rating and issued a $825.00 price target (up from $785.00) on shares of Monolithic Power Systems in a report on Monday, August 4th. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a report on Friday, August 1st. KeyCorp boosted their price target on Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company boosted their price target on Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $838.09.
View Our Latest Stock Analysis on MPWR
Insider Transactions at Monolithic Power Systems
In other news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director directly owned 676 shares of the company's stock, valued at approximately $471,848. The trade was a 12.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 39,999 shares of Monolithic Power Systems stock in a transaction on Friday, August 1st. The shares were sold at an average price of $780.00, for a total value of $31,199,220.00. Following the completion of the transaction, the executive vice president owned 121,605 shares of the company's stock, valued at approximately $94,851,900. This trade represents a 24.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,099 shares of company stock valued at $46,431,020. Insiders own 3.40% of the company's stock.
Monolithic Power Systems Price Performance
Shares of NASDAQ MPWR opened at $804.29 on Friday. The stock has a market capitalization of $38.52 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 3.00 and a beta of 1.18. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The business has a fifty day moving average price of $728.95 and a 200 day moving average price of $656.59.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.09. The company had revenue of $664.57 million for the quarter, compared to analyst estimates of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The firm's quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.17 EPS. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.8%. Monolithic Power Systems's payout ratio is currently 16.25%.
Monolithic Power Systems Company Profile
(
Free Report)
Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.
Further Reading
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