LGT Group Foundation purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,045 shares of the semiconductor company's stock, valued at approximately $5,246,000.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after buying an additional 200 shares in the last quarter. FIL Ltd lifted its position in shares of Monolithic Power Systems by 86.3% in the fourth quarter. FIL Ltd now owns 598 shares of the semiconductor company's stock worth $354,000 after purchasing an additional 277 shares in the last quarter. Barclays PLC raised its position in Monolithic Power Systems by 3.3% during the fourth quarter. Barclays PLC now owns 332,859 shares of the semiconductor company's stock worth $196,952,000 after acquiring an additional 10,744 shares in the last quarter. CreativeOne Wealth LLC raised its position in Monolithic Power Systems by 16.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,184 shares of the semiconductor company's stock worth $1,292,000 after acquiring an additional 315 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its position in Monolithic Power Systems by 9.6% during the fourth quarter. Belpointe Asset Management LLC now owns 767 shares of the semiconductor company's stock worth $454,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Insider Transactions at Monolithic Power Systems
In other news, Director Jeff Zhou sold 400 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $850.00, for a total transaction of $340,000.00. Following the completion of the sale, the director owned 5,804 shares of the company's stock, valued at $4,933,400. This trade represents a 6.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $750.00, for a total transaction of $2,250,000.00. Following the sale, the chief financial officer directly owned 43,939 shares of the company's stock, valued at approximately $32,954,250. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,599 shares of company stock valued at $38,455,220 in the last quarter. 3.40% of the stock is currently owned by company insiders.
Monolithic Power Systems Trading Down 2.6%
NASDAQ:MPWR traded down $22.34 on Friday, reaching $826.47. 575,624 shares of the stock traded hands, compared to its average volume of 656,905. The firm has a market capitalization of $39.58 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18. The company's 50 day moving average is $744.11 and its 200-day moving average is $662.95. 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 released its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.09. The business had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The company's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.17 EPS. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $1.56 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.8%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.25%.
Analysts Set New Price Targets
Several equities analysts have commented on MPWR shares. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price objective (up from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. William Blair raised shares of Monolithic Power Systems to a "strong-buy" rating in a research report on Wednesday. Citigroup reaffirmed a "buy" rating and set a $825.00 price objective (up previously from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. Raymond James Financial reissued an "outperform" rating and issued a $875.00 target price (up previously from $720.00) on shares of Monolithic Power Systems in a report on Friday, August 1st. Finally, TD Cowen raised their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average target price of $838.09.
Read Our Latest Report on Monolithic Power Systems
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.
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