Jackson Wealth Management LLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 1.2% in the second quarter, HoldingsChannel.com reports. The firm owned 2,930 shares of the semiconductor company’s stock after acquiring an additional 34 shares during the quarter. Jackson Wealth Management LLC’s holdings in Monolithic Power Systems were worth $2,143,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Monolithic Power Systems by 4.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,763 shares of the semiconductor company’s stock valued at $56,874,000 after purchasing an additional 2,989 shares in the last quarter. J2 Capital Management Inc purchased a new position in shares of Monolithic Power Systems in the 2nd quarter valued at about $571,000. ASR Vermogensbeheer N.V. increased its holdings in shares of Monolithic Power Systems by 105.0% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 4,454 shares of the semiconductor company’s stock valued at $3,257,000 after purchasing an additional 2,281 shares in the last quarter. Woodward Diversified Capital LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter valued at about $203,000. Finally, Trilogy Capital Inc. increased its holdings in shares of Monolithic Power Systems by 10.7% in the 2nd quarter. Trilogy Capital Inc. now owns 3,975 shares of the semiconductor company’s stock valued at $2,907,000 after purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Price Performance
Monolithic Power Systems stock opened at $918.83 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $954.81. The stock has a market capitalization of $44.00 billion, a P/E ratio of 23.93, a P/E/G ratio of 3.47 and a beta of 1.27. The firm’s 50-day moving average is $846.21 and its two-hundred day moving average is $717.91.
Monolithic Power Systems Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.25%.
Insider Activity at Monolithic Power Systems
In other Monolithic Power Systems news, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the sale, the chief financial officer directly owned 37,940 shares of the company’s stock, valued at $34,647,566.80. This trade represents a 7.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 39,999 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the sale, the executive vice president directly owned 121,605 shares in the company, valued at $94,851,900. This represents a 24.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,702 shares of company stock worth $53,834,480 over the last three months. Company insiders own 3.40% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. William Blair upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a report on Wednesday, August 13th. Rosenblatt Securities reissued a “neutral” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, August 1st. Citigroup increased their price objective on shares of Monolithic Power Systems from $825.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp increased their price objective on shares of Monolithic Power Systems from $950.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $880.50.
View Our Latest Stock Analysis on MPWR
Monolithic Power Systems Company Profile
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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