Riverstone Advisors LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 383 shares of the semiconductor company's stock, valued at approximately $222,000.
Other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its stake in Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock worth $1,893,000 after purchasing an additional 14 shares in the last quarter. Keybank National Association OH raised its stake in Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock worth $1,079,000 after purchasing an additional 22 shares in the last quarter. Truvestments Capital LLC raised its stake in Monolithic Power Systems by 5.0% in the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after purchasing an additional 22 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Monolithic Power Systems by 10.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 272 shares of the semiconductor company's stock worth $164,000 after purchasing an additional 25 shares in the last quarter. Finally, TrinityPoint Wealth LLC raised its stake in Monolithic Power Systems by 5.6% in the 4th quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock worth $303,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Monolithic Power Systems Stock Performance
Shares of Monolithic Power Systems stock traded down $5.41 during midday trading on Thursday, hitting $758.99. 399,978 shares of the company traded hands, compared to its average volume of 800,700. The stock has a market cap of $36.34 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.96 and a beta of 1.20. The firm's fifty day moving average price is $680.04 and its 200-day moving average price is $631.43. 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 announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The firm's revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 EPS. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.
Monolithic Power Systems Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.
Insider Buying and Selling
In related news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director directly owned 676 shares in the company, valued at $471,848. This trade represents a 12.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president owned 4,015 shares in the company, valued at approximately $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 have sold a total of 18,200 shares of company stock worth $13,046,800 in the last ninety days. Company insiders own 3.40% of the company's stock.
Wall Street Analyst Weigh In
MPWR has been the subject of several analyst reports. TD Cowen lifted their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. KeyCorp decreased their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Citigroup raised their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus target price of $789.42.
View Our Latest Research Report on MPWR
About Monolithic Power Systems
(
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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