Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,348 shares of the semiconductor company's stock, valued at approximately $3,246,000.
A number of other hedge funds have also recently modified their holdings of the business. IFP Advisors Inc increased its stake in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd lifted its position in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 9 shares during the period. Sunbelt Securities Inc. boosted 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 worth $44,000 after acquiring an additional 28 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth about $38,000. Finally, Essential Partners LLC boosted its stake in Monolithic Power Systems by 30.3% during the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 93.46% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Needham & Company LLC boosted their price target 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. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. Wells Fargo & Company upped their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised Monolithic Power Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus price target of $1,705.82.
View Our Latest Stock Report on MPWR
Insider Activity at Monolithic Power Systems
In related news, Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the transaction, the director owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the completion of the sale, the director owned 565 shares in the company, valued at $802,300. This represents a 8.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,191 shares of company stock valued at $21,807,015 over the last ninety days. Company insiders own 3.60% of the company's stock.
Monolithic Power Systems Price Performance
Monolithic Power Systems stock opened at $1,415.99 on Tuesday. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The business's fifty day moving average is $1,391.62 and its 200 day moving average is $1,342.90. The stock has a market capitalization of $69.59 billion, a PE ratio of 86.82 and a beta of 1.69.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts' consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.Monolithic Power Systems's revenue was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.21 EPS. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's payout ratio is presently 49.05%.
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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