Callan Family Office LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,822 shares of the semiconductor company's stock, valued at approximately $2,519,000.
Other institutional investors have also bought and sold shares of the company. Royal Fund Management LLC increased its holdings in shares of Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock valued at $289,000 after purchasing an additional 7 shares during the last quarter. Covestor Ltd lifted 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. Bell Investment Advisors Inc boosted its stake in Monolithic Power Systems by 23.7% during the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company's stock worth $51,000 after buying an additional 9 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in Monolithic Power Systems by 4.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company's stock worth $230,000 after buying an additional 10 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in Monolithic Power Systems by 1.4% in the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company's stock valued at $766,000 after buying an additional 10 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Monolithic Power Systems
In related news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the completion of the transaction, the director owned 565 shares of the company's stock, valued at approximately $802,300. This trade represents a 8.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on 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 sale, the executive vice president 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 8,191 shares of company stock worth $13,874,865. 3.60% of the stock is owned by corporate insiders.
Monolithic Power Systems Stock Up 0.4%
MPWR stock opened at $1,316.28 on Friday. The business has a fifty day moving average of $1,373.38 and a two-hundred day moving average of $1,346.04. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of 80.70 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating analysts' consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million for 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 company's revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.21 earnings per share. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's payout ratio is 49.05%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on MPWR. Weiss Ratings raised Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the company a "buy" rating in a report on Thursday. Needham & Company LLC raised their price objective on shares of 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, Truist Financial lifted their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average price target of $1,731.42.
View Our Latest Research Report on Monolithic Power Systems
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.
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