EP Wealth Advisors LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 927 shares of the semiconductor company's stock, valued at approximately $1,282,000.
Other large investors also recently made changes to their positions in the company. IFP Advisors Inc grew 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 purchasing an additional 24 shares during the last quarter. Covestor Ltd lifted its stake in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 9 shares during the last quarter. Danske Bank A S acquired a new stake in Monolithic Power Systems during the second quarter valued at approximately $36,000. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth approximately $38,000. Finally, Sunbelt Securities Inc. boosted its holdings 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 buying an additional 28 shares in the last quarter. Institutional investors own 93.46% of the company's stock.
Monolithic Power Systems Price Performance
NASDAQ MPWR opened at $1,316.28 on Monday. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The firm has a market cap of $64.69 billion, a PE ratio of 80.70 and a beta of 1.69. The stock's 50 day simple moving average is $1,373.38 and its 200 day simple moving average is $1,347.25.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. During the same quarter last year, the business earned $4.21 earnings per share. The firm's quarterly revenue was up 47.6% compared to the same quarter last year. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.
Monolithic Power Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given 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 dividend payout ratio is currently 49.05%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the stock a "buy" rating in a research report on Thursday. Zacks Research raised Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,731.42.
View Our Latest Analysis on Monolithic Power Systems
Insider Buying and Selling at Monolithic Power Systems
In related news, EVP Saria Tseng sold 7,565 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares of the company's stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 8,191 shares of company stock worth $13,874,865. Company insiders own 3.60% of the company's stock.
About Monolithic Power Systems
(
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.
Further Reading
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