Vise Technologies Inc. grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 66.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,587 shares of the semiconductor company's stock after buying an additional 1,035 shares during the quarter. Vise Technologies Inc.'s holdings in Monolithic Power Systems were worth $3,485,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Generate Investment Management Ltd boosted its holdings in shares of Monolithic Power Systems by 45.8% in the 3rd quarter. Generate Investment Management Ltd now owns 5,719 shares of the semiconductor company's stock worth $7,705,000 after purchasing an additional 1,797 shares during the period. Baird Financial Group Inc. increased its position in shares of Monolithic Power Systems by 10.3% during the 2nd quarter. Baird Financial Group Inc. now owns 81,895 shares of the semiconductor company's stock valued at $113,210,000 after purchasing an additional 7,624 shares during the last quarter. Westwind Capital purchased a new stake in Monolithic Power Systems during the 3rd quarter valued at $1,784,000. Wedmont Private Capital raised its holdings in Monolithic Power Systems by 68.0% during the 3rd quarter. Wedmont Private Capital now owns 2,006 shares of the semiconductor company's stock valued at $2,748,000 after buying an additional 812 shares during the period. Finally, Ameritas Advisory Services LLC raised its holdings in Monolithic Power Systems by 773.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,677 shares of the semiconductor company's stock valued at $2,318,000 after buying an additional 1,485 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Monolithic Power Systems
In other news, Director Kuo Wei Chang sold 50 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director directly owned 515 shares of the company's stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.60% of the company's stock.
Trending Headlines about Monolithic Power Systems
Here are the key news stories impacting Monolithic Power Systems this week:
Wall Street Analyst Weigh In
MPWR has been the subject of a number of analyst reports. TD Cowen restated a "buy" rating on shares of Monolithic Power Systems in a research report on Friday. Wells Fargo & Company cut their price objective on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 20th. KeyCorp increased their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Rosenblatt Securities raised shares of Monolithic Power Systems from a "neutral" rating to a "buy" rating and increased their target price for the company from $1,575.00 to $1,700.00 in a research note on Friday, October 30th. Finally, Arete Research started coverage on shares of Monolithic Power Systems in a report on Thursday, August 20th. They issued a "buy" rating and a $2,013.00 target price for the company. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,783.77.
Get Our Latest Stock Analysis on MPWR
Monolithic Power Systems Stock Performance
MPWR opened at $1,328.30 on Wednesday. The stock's 50 day moving average price is $1,274.12 and its 200-day moving average price is $1,313.34. Monolithic Power Systems, Inc. has a one year low of $833.18 and a one year high of $1,714.09. The stock has a market cap of $65.27 billion, a price-to-earnings ratio of 73.35 and a beta of 1.71.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.79 by $0.40. Monolithic Power Systems had a return on equity of 25.23% and a net margin of 23.85%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $4.73 EPS. Monolithic Power Systems's quarterly revenue was up 63.1% compared to the same quarter last year. As a group, analysts predict that Monolithic Power Systems, Inc. will post 24.23 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $2.00 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 44.17%.
Monolithic Power Systems Company Profile
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Free Report)
Monolithic Power Systems, Inc NASDAQ: MPWR is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.
The company's portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.
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