Danske Bank A S acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,132 shares of the semiconductor company's stock, valued at approximately $34,741,000. Danske Bank A S owned 0.05% of Monolithic Power Systems at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of MPWR. Fideuram Asset Management Ireland dac acquired a new stake in shares of Monolithic Power Systems during the 4th quarter valued at approximately $3,983,000. Mirabaud Asset Management Ltd purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $4,424,000. B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Monolithic Power Systems by 45.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company's stock worth $2,219,000 after acquiring an additional 770 shares during the period. Baker Avenue Asset Management LP grew its holdings in shares of Monolithic Power Systems by 436.6% in the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company's stock worth $2,884,000 after acquiring an additional 2,589 shares during the period. Finally, Norges Bank purchased a new position in Monolithic Power Systems in the 4th quarter valued at approximately $658,656,000. Hedge funds and other institutional investors own 93.46% of the company's stock.
Insider Transactions at Monolithic Power Systems
In other news, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,191 shares of company stock valued at $21,807,015. Corporate insiders own 3.60% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Citigroup reiterated a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Rosenblatt Securities reaffirmed a "neutral" rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,705.82.
Read Our Latest Research Report on Monolithic Power Systems
Monolithic Power Systems Trading Down 2.5%
Monolithic Power Systems stock opened at $1,300.14 on Thursday. The stock has a 50-day moving average price of $1,384.18 and a 200 day moving average price of $1,344.93. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09. The stock has a market cap of $63.89 billion, a PE ratio of 79.71 and a beta of 1.69.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm's revenue for the quarter was up 47.6% compared to the same quarter last year. During the same period last year, the company earned $4.21 EPS. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.
Monolithic Power Systems Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 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.
Featured Articles
Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Monolithic Power Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Monolithic Power Systems wasn't on the list.
While Monolithic Power Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
