Free Trial

IFM Investors Pty Ltd Has $5.53 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Monolithic Power Systems logo with Computer and Technology background

IFM Investors Pty Ltd lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,534 shares of the semiconductor company's stock after purchasing an additional 559 shares during the period. IFM Investors Pty Ltd's holdings in Monolithic Power Systems were worth $5,530,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. boosted its holdings in Monolithic Power Systems by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after purchasing an additional 14 shares in the last quarter. Truvestments Capital LLC boosted its holdings in Monolithic Power Systems by 5.0% during the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock valued at $273,000 after purchasing an additional 22 shares in the last quarter. TrinityPoint Wealth LLC boosted its holdings in Monolithic Power Systems by 5.6% during the fourth quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock valued at $303,000 after purchasing an additional 27 shares in the last quarter. Vestcor Inc boosted its holdings in Monolithic Power Systems by 3.1% during the fourth quarter. Vestcor Inc now owns 937 shares of the semiconductor company's stock valued at $554,000 after purchasing an additional 28 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of Monolithic Power Systems by 4.5% in the 1st quarter. Diversified Trust Co now owns 726 shares of the semiconductor company's stock worth $421,000 after acquiring an additional 31 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Monday, May 12th. The shares were 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 directly owned 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated 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 sale, the director owned 676 shares of the company's stock, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,200 shares of company stock worth $13,046,800 in the last three months. Insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Citigroup boosted their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. TD Cowen boosted their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $799.42.

Read Our Latest Analysis on MPWR

Monolithic Power Systems Stock Down 1.3%

Shares of MPWR traded down $10.17 during trading hours on Wednesday, reaching $751.14. The stock had a trading volume of 584,709 shares, compared to its average volume of 805,794. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The firm has a 50-day moving average of $696.88 and a 200 day moving average of $636.49. The company has a market cap of $35.96 billion, a P/E ratio of 19.94, a P/E/G ratio of 3.02 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.81 EPS. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.83%. Monolithic Power Systems's dividend payout ratio is 16.56%.

Monolithic Power Systems Company Profile

(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.

Featured Articles

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

Should You Invest $1,000 in Monolithic Power Systems Right Now?

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

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines