Bamco Inc. NY purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 58,604 shares of the semiconductor company's stock, valued at approximately $81,012,000. Bamco Inc. NY owned about 0.12% of Monolithic Power Systems at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in MPWR. IFP Advisors Inc raised its position in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares during the last quarter. Covestor Ltd grew its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after buying an additional 9 shares in the last quarter. Danske Bank A S bought a new position in Monolithic Power Systems during the second quarter valued at about $36,000. Greenline Wealth Management LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at about $38,000. Finally, Sunbelt Securities Inc. increased its stake in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 28 shares during the period. Institutional investors own 93.46% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on MPWR shares. Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the stock a "buy" rating in a research report on Thursday, August 20th. Truist Financial boosted their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Rosenblatt Securities restated a "neutral" rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. Needham & Company LLC raised their target price on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average target price of $1,731.42.
Check Out Our Latest Stock Analysis on MPWR
Monolithic Power Systems Trading Down 0.0%
Shares of MPWR opened at $1,303.88 on Thursday. The stock has a market cap of $64.08 billion, a PE ratio of 79.94 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The stock has a 50 day simple moving average of $1,359.26 and a 200-day simple moving average of $1,350.32.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 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 for the quarter, compared to analyst estimates of $903.30 million. During the same quarter in the previous year, the firm earned $4.21 EPS. Monolithic Power Systems's quarterly revenue was up 47.6% on a year-over-year basis. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid 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 payout ratio is currently 49.05%.
Insider Buying and Selling at Monolithic Power Systems
In related news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems 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 of the company's stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the business'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 approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 190 shares of company stock worth $261,964 in the last 90 days. 3.60% of the stock is owned by corporate insiders.
Monolithic Power Systems Profile
(
Free Report)
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.
Further Reading
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