3,025 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by Equitable Holdings Inc.

Key Points

• Equitable Holdings acquired 3,025 Monolithic Power Systems shares worth approximately $4.18 million, while institutional investors collectively own 93.46% of MPWR.
• Monolithic Power Systems reported quarterly EPS of $6.50, exceeding estimates by $0.63, as revenue rose 47.6% year over year to $980.64 million.
• Analysts maintain a “Moderate Buy” consensus rating with a $1,731.42 target price, although insiders sold 190 shares in the latest quarter and the stock trades at a high P/E ratio of 80.39.

Equitable Holdings Inc. bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,025 shares of the semiconductor company's stock, valued at approximately $4,182,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $7,727,289,000. Corient Private Wealth LLC raised its position in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock valued at $1,855,476,000 after acquiring an additional 1,993,576 shares during the last quarter. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $658,656,000. Bank of America Corp DE acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $741,271,000. Finally, Legal & General Group Plc acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $497,561,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,311.08 on Friday. The firm has a market cap of $64.43 billion, a P/E ratio of 80.39 and a beta of 1.69. The stock's 50-day moving average is $1,354.21 and its 200-day moving average is $1,350.89. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) 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 business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same period in the previous year, the firm earned $4.21 EPS. Monolithic Power Systems's quarterly revenue was up 47.6% compared to the same quarter last year. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio is 49.05%.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of analyst reports. Zacks Research raised Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 18th. Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen boosted their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Raymond James Financial reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research 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. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus price target of $1,731.42.

Insider Activity at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction on 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 sale, the director owned 515 shares of the company's stock, valued at $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 190 shares of company stock valued at $261,964 in the last quarter. Corporate insiders own 3.60% of the company's stock.

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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