Financial Counselors Inc. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,399 shares of the semiconductor company's stock after acquiring an additional 377 shares during the period. Financial Counselors Inc.'s holdings in Monolithic Power Systems were worth $4,291,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. grew its stake in shares of Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares during the period. AlphaQuest LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $41,000. Finally, Global Financial Private Client LLC grew its stake in shares of Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.
Monolithic Power Systems Price Performance
MPWR opened at $741.17 on Tuesday. The business has a fifty day simple moving average of $690.23 and a 200 day simple moving average of $634.82. The company has a market capitalization of $35.49 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 3.01 and a beta of 1.20. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The company's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.81 EPS. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.84%. Monolithic Power Systems's dividend payout ratio is presently 16.56%.
Insider Transactions at Monolithic Power Systems
In other news, EVP Maurice Sciammas sold 12,000 shares of the business's 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 completion of the transaction, the executive vice president owned 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the transaction, the chief financial officer directly owned 46,939 shares of the company's stock, valued at $35,204,250. This trade represents a 11.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,200 shares of company stock valued at $13,046,800. Corporate insiders own 3.40% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on MPWR shares. Raymond James Financial restated an "outperform" rating and set a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Citigroup increased their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Stifel Nicolaus decreased their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Oppenheimer restated an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, TD Cowen increased their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $789.42.
Read Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Profile
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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
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