Davidson Capital Management Inc. lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 32,100.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,152 shares of the semiconductor company's stock after purchasing an additional 5,136 shares during the period. Monolithic Power Systems makes up about 0.8% of Davidson Capital Management Inc.'s investment portfolio, making the stock its 26th biggest position. Davidson Capital Management Inc.'s holdings in Monolithic Power Systems were worth $2,988,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after buying an additional 74,046 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after buying an additional 214,395 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after buying an additional 31,295 shares during the last quarter. Invesco Ltd. raised its stake in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after buying an additional 81,412 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Monolithic Power Systems by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after buying an additional 5,274 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the transaction, the director now owns 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 over the last quarter. 3.40% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
MPWR has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus lowered their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Citigroup upped their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. KeyCorp lowered their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus target price of $789.42.
Get Our Latest Report on MPWR
Monolithic Power Systems Price Performance
Shares of Monolithic Power Systems stock traded down $7.34 on Friday, hitting $685.90. The company had a trading volume of 1,074,555 shares, compared to its average volume of 802,604. The firm has a market capitalization of $32.84 billion, a P/E ratio of 18.21, a P/E/G ratio of 2.72 and a beta of 1.19. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The stock has a 50-day moving average of $647.36 and a 200-day moving average of $624.41.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The business's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.81 earnings per share. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.
Monolithic Power Systems Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.
About Monolithic Power Systems
(
Free Report)
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.
Further Reading
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
