Czech National Bank increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,984 shares of the semiconductor company's stock after buying an additional 718 shares during the quarter. Czech National Bank's holdings in Monolithic Power Systems were worth $19,331,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position 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 during the last quarter. Empowered Funds LLC raised its position in Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company's stock worth $3,088,000 after buying an additional 161 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Monolithic Power Systems by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company's stock valued at $6,863,000 after acquiring an additional 314 shares during the period. Treasurer of the State of North Carolina lifted its stake in Monolithic Power Systems by 35.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company's stock valued at $26,175,000 after acquiring an additional 9,315 shares during the period. Finally, Globeflex Capital L P purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at $347,000. 93.46% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on MPWR shares. Raymond James Financial reiterated an "outperform" rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wall Street Zen raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a report on Saturday. Truist Financial increased their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 18th. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,705.82.
Check Out Our Latest Stock Report on MPWR
Monolithic Power Systems Price Performance
NASDAQ:MPWR opened at $1,401.54 on Friday. The firm has a market cap of $68.86 billion, a price-to-earnings ratio of 85.93 and a beta of 1.69. The company has a 50 day moving average price of $1,414.84 and a 200-day moving average price of $1,326.92. Monolithic Power Systems, Inc. has a 1-year low of $794.50 and a 1-year high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $903.30 million. During the same period in the prior year, the firm posted $4.21 earnings per share. The firm's quarterly revenue was up 47.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems's dividend payout ratio is presently 49.05%.
Insider Buying and Selling
In other news, EVP Saria Tseng sold 7,565 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares of the company's stock, valued at approximately $260,197,941.60. The trade was a 6.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 25,141 shares of company stock valued at $40,472,815. 3.60% of the stock is owned by company 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.
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