Banco Santander S.A. Acquires Shares of 1,411 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Banco Santander S.A. acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,411 shares of the semiconductor company's stock, valued at approximately $818,000.

A number of other hedge funds have also recently added to or reduced their stakes in MPWR. Fourth Dimension Wealth LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. boosted its position in shares of Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after buying an additional 51 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 146.4% during the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after buying an additional 41 shares during the last quarter. Global Financial Private Client LLC boosted its position in shares of Monolithic Power Systems by 265.0% during the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after buying an additional 53 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 5.7%

MPWR stock opened at $830.63 on Tuesday. The stock has a market cap of $39.77 billion, a P/E ratio of 21.63, a P/E/G ratio of 3.12 and a beta of 1.18. The stock's fifty day simple moving average is $718.72 and its two-hundred day simple moving average is $652.39. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued 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 firm 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 business's revenue was up 31.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.17 earnings per share. As a group, analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $1.56 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.8%. Monolithic Power Systems's payout ratio is presently 16.25%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 39,999 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the sale, the executive vice president directly owned 121,605 shares in the company, valued at approximately $94,851,900. The trade was a 24.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director owned 676 shares in the company, valued at approximately $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,199 shares of company stock valued at $46,496,020. Corporate insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MPWR shares. Raymond James Financial reaffirmed an "outperform" rating and set a $875.00 target price (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday. Needham & Company LLC lifted their target price on Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a research report on Friday. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 target price (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Loop Capital boosted their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $838.09.

Monolithic Power Systems Profile

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.

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