Mirae Asset Global Investments Co. Ltd. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 9.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 74,774 shares of the semiconductor company's stock after purchasing an additional 6,217 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.16% of Monolithic Power Systems worth $43,361,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Achmea Investment Management B.V. lifted its position in shares of Monolithic Power Systems by 61.1% in the first quarter. Achmea Investment Management B.V. now owns 12,808 shares of the semiconductor company's stock valued at $7,429,000 after acquiring an additional 4,858 shares in the last quarter. Diversified Trust Co lifted its position in shares of Monolithic Power Systems by 4.5% in the first quarter. Diversified Trust Co now owns 726 shares of the semiconductor company's stock valued at $421,000 after acquiring an additional 31 shares in the last quarter. Perpetual Ltd lifted its position in shares of Monolithic Power Systems by 122.5% in the first quarter. Perpetual Ltd now owns 6,532 shares of the semiconductor company's stock valued at $3,788,000 after acquiring an additional 3,596 shares in the last quarter. KPP Advisory Services LLC lifted its position in shares of Monolithic Power Systems by 7.3% in the first quarter. KPP Advisory Services LLC now owns 588 shares of the semiconductor company's stock valued at $341,000 after acquiring an additional 40 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Monolithic Power Systems by 23.1% in the first quarter. Sequoia Financial Advisors LLC now owns 2,013 shares of the semiconductor company's stock valued at $1,168,000 after acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Monolithic Power Systems Trading Up 0.1%
NASDAQ MPWR opened at $736.03 on Friday. The company has a market capitalization of $35.24 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.92 and a beta of 1.19. The business's 50-day moving average price is $666.32 and its 200 day moving average price is $628.67. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm's revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.81 earnings per share. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.
Monolithic Power Systems Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.85%. Monolithic Power Systems's dividend payout ratio is presently 16.56%.
Insiders Place Their Bets
In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 776 shares in the company, valued at $504,400. This represents a 11.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president now owns 4,015 shares of the company's stock, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 over the last three months. 3.40% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on MPWR. TD Cowen upped their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Citigroup upped their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Stifel Nicolaus reduced their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, KeyCorp reduced their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $789.42.
Check Out Our Latest Analysis on Monolithic Power Systems
Monolithic Power Systems Company Profile
(
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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