QRG Capital Management Inc. increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,875 shares of the semiconductor company's stock after purchasing an additional 682 shares during the period. QRG Capital Management Inc.'s holdings in Monolithic Power Systems were worth $6,231,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Penserra Capital Management LLC raised its stake in Monolithic Power Systems by 88.9% in the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company's stock valued at $2,016,000 after purchasing an additional 1,031 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth about $1,121,000. Candriam S.C.A. grew its holdings in shares of Monolithic Power Systems by 6.9% during the third quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company's stock worth $79,089,000 after buying an additional 5,561 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock worth $5,591,998,000 after buying an additional 134,087 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company's stock valued at $412,263,000 after buying an additional 178,622 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Analyst Upgrades and Downgrades
MPWR has been the subject of several recent analyst reports. TD Cowen lifted their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a research note on Friday. William Blair reissued an "outperform" rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Citigroup reaffirmed a "buy" rating on shares of Monolithic Power Systems in a research report on Friday. Zacks Research lowered Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 10th. Finally, Weiss Ratings lowered shares of Monolithic Power Systems from a "buy (b-)" rating to a "hold (c)" rating in a report on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average target price of $1,599.17.
Read Our Latest Stock Report on MPWR
Insider Buying and Selling at Monolithic Power Systems
In other Monolithic Power Systems news, EVP Maurice Sciammas sold 22,875 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president directly owned 178,625 shares of the company's stock, valued at $209,198,455. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 21,725 shares of the business's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the transaction, the chief financial officer owned 82,353 shares in the company, valued at approximately $96,448,539.48. This represents a 20.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 134,683 shares of company stock worth $154,749,167. Corporate insiders own 3.40% of the company's stock.
Monolithic Power Systems Stock Performance
Shares of NASDAQ:MPWR opened at $1,589.00 on Wednesday. The stock has a 50-day simple moving average of $1,236.23 and a 200-day simple moving average of $1,091.50. The stock has a market capitalization of $78.07 billion, a P/E ratio of 114.56, a PEG ratio of 3.31 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1 year low of $612.95 and a 1 year high of $1,661.79.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. Monolithic Power Systems's revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.04 earnings per share. Analysts predict that Monolithic Power Systems, Inc. will post 17.01 earnings per share for the current year.
Monolithic Power Systems Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.56. Monolithic Power Systems's payout ratio is 57.68%.
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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