Stratos Wealth Partners LTD. lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,178 shares of the semiconductor company’s stock after selling 288 shares during the period. Stratos Wealth Partners LTD.’s holdings in Monolithic Power Systems were worth $6,713,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Wedmont Private Capital raised its position in Monolithic Power Systems by 1.3% in the second quarter. Wedmont Private Capital now owns 1,068 shares of the semiconductor company’s stock worth $802,000 after purchasing an additional 14 shares in the last quarter. Confluence Wealth Services Inc. grew its stake in Monolithic Power Systems by 0.9% during the second quarter. Confluence Wealth Services Inc. now owns 2,067 shares of the semiconductor company’s stock worth $1,511,000 after buying an additional 19 shares during the last quarter. Beverly Hills Private Wealth LLC grew its stake in Monolithic Power Systems by 3.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company’s stock worth $370,000 after buying an additional 20 shares during the last quarter. Cromwell Holdings LLC grew its stake in Monolithic Power Systems by 18.7% during the first quarter. Cromwell Holdings LLC now owns 127 shares of the semiconductor company’s stock worth $74,000 after buying an additional 20 shares during the last quarter. Finally, Burney Co. grew its stake in Monolithic Power Systems by 2.2% during the first quarter. Burney Co. now owns 946 shares of the semiconductor company’s stock worth $549,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Monolithic Power Systems Price Performance
Shares of NASDAQ MPWR opened at $1,004.65 on Friday. The company’s 50 day simple moving average is $886.92 and its 200 day simple moving average is $743.66. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,041.50. The firm has a market capitalization of $48.11 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.83 and a beta of 1.27.
Monolithic Power Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.56 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $6.24 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.25%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on MPWR. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. Wolfe Research set a $1,200.00 price objective on shares of Monolithic Power Systems and gave the company an “outperform” rating in a report on Tuesday. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday. Finally, 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 report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $925.00.
Check Out Our Latest Analysis on Monolithic Power Systems
Insider Activity
In other Monolithic Power Systems news, Director Carintia Martinez sold 1,400 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $900.00, for a total value of $1,260,000.00. Following the sale, the director directly owned 878 shares in the company, valued at approximately $790,200. This trade represents a 61.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the completion of the sale, the chief financial officer owned 37,940 shares in the company, valued at approximately $34,647,566.80. This trade represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,542 shares of company stock valued at $70,973,777. 3.40% of the stock is currently owned by company insiders.
About Monolithic Power Systems
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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