Great Lakes Advisors LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,162 shares of the semiconductor company's stock, valued at approximately $1,606,000.
Other institutional investors also recently bought and sold shares of the company. Danske Bank A S purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $36,000. IFP Advisors Inc raised its holdings in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd lifted its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 9 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of 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 purchasing an additional 28 shares in the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $38,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Monolithic Power Systems Price Performance
Monolithic Power Systems stock opened at $1,316.28 on Friday. The firm has a 50 day simple moving average of $1,373.38 and a 200-day simple moving average of $1,346.04. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of 80.70 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same quarter in the previous year, the company earned $4.21 EPS. The business's revenue for the quarter was up 47.6% compared to the same quarter last year. Equities analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 49.05%.
Wall Street Analysts Forecast Growth
MPWR has been the subject of a number of research reports. Weiss Ratings raised shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. KeyCorp raised their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the company a "buy" rating in a report on Thursday. Finally, Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,731.42.
Read Our Latest Stock Analysis on MPWR
Insider Activity at Monolithic Power Systems
In related news, EVP Maurice Sciammas sold 30 shares of the 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 transaction, the executive vice president owned 1,119 shares of the company's stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 completion of the transaction, the director owned 3,800 shares of the company's stock, valued at $6,384,000. This trade represents a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 8,191 shares of company stock worth $13,874,865. 3.60% of the stock is owned by corporate insiders.
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.
See Also
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