U.S. Capital Wealth Advisors LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,172 shares of the semiconductor company's stock, valued at approximately $680,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Counselors Inc. raised its position in Monolithic Power Systems by 5.4% during the first quarter. Financial Counselors Inc. now owns 7,399 shares of the semiconductor company's stock valued at $4,291,000 after buying an additional 377 shares during the period. Penserra Capital Management LLC raised its position in Monolithic Power Systems by 25.3% during the first quarter. Penserra Capital Management LLC now owns 1,139 shares of the semiconductor company's stock valued at $658,000 after buying an additional 230 shares during the period. Jackson Wealth Management LLC raised its position in Monolithic Power Systems by 29.5% during the first quarter. Jackson Wealth Management LLC now owns 2,896 shares of the semiconductor company's stock valued at $1,680,000 after buying an additional 659 shares during the period. Bank of New York Mellon Corp raised its position in Monolithic Power Systems by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 355,312 shares of the semiconductor company's stock valued at $206,074,000 after buying an additional 5,390 shares during the period. Finally, World Investment Advisors raised its position in Monolithic Power Systems by 4.2% during the first quarter. World Investment Advisors now owns 4,028 shares of the semiconductor company's stock valued at $2,336,000 after buying an additional 163 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on MPWR shares. KeyCorp upped their price target on Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Stifel Nicolaus dropped their target price 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. Citigroup upped their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $799.42.
Check Out Our Latest Stock Report on MPWR
Insiders Place Their Bets
In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director directly owned 676 shares of the company's stock, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,200 shares of company stock worth $13,046,800. 3.40% of the stock is currently owned by company insiders.
Monolithic Power Systems Stock Down 2.0%
Shares of NASDAQ:MPWR traded down $14.92 during trading on Monday, reaching $721.14. The stock had a trading volume of 554,397 shares, compared to its average volume of 804,792. The stock has a fifty day simple moving average of $701.64 and a two-hundred day simple moving average of $638.40. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 2.92 and a beta of 1.20.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same quarter in the prior year, the company earned $2.81 EPS. The firm's revenue for the quarter was up 39.2% compared to the same quarter last year. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 0.87%. Monolithic Power Systems's payout ratio is 16.56%.
Monolithic Power Systems 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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