Mediolanum International Funds Ltd lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 15.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,582 shares of the semiconductor company's stock after selling 4,423 shares during the period. Mediolanum International Funds Ltd owned about 0.05% of Monolithic Power Systems worth $14,255,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in MPWR. Norges Bank acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $493,807,000. GAMMA Investing LLC lifted its stake in Monolithic Power Systems by 76,432.3% in the 1st quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after purchasing an additional 777,316 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after purchasing an additional 214,395 shares during the last quarter. Siemens Fonds Invest GmbH raised its holdings in Monolithic Power Systems by 18,567.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock valued at $118,628,000 after acquiring an additional 199,413 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in Monolithic Power Systems in the 4th quarter valued at about $113,547,000. Institutional investors own 93.46% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on MPWR shares. TD Cowen raised their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp increased their price objective on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Raymond James Financial reissued an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $805.67.
Read Our Latest Stock Analysis on Monolithic Power Systems
Insider Activity
In related news, CFO Theodore Blegen sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the transaction, the chief financial officer owned 46,939 shares in the company, valued at $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 4,015 shares in the company, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock worth $13,046,800 over the last 90 days. 3.40% of the stock is currently owned by insiders.
Monolithic Power Systems Price Performance
Monolithic Power Systems stock traded up $10.27 during mid-day trading on Wednesday, hitting $734.64. The company's stock had a trading volume of 124,730 shares, compared to its average volume of 808,789. The stock has a market cap of $35.17 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.93 and a beta of 1.20. The business has a 50 day moving average price of $711.06 and a 200-day moving average price of $647.47. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS 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 the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The company's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 earnings per share. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.
Monolithic Power Systems Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's payout ratio is 16.56%.
Monolithic Power Systems Company 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.
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