Calamos Advisors LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,773 shares of the semiconductor company’s stock, valued at approximately $2,028,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Monolithic Power Systems by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company’s stock worth $3,433,870,000 after purchasing an additional 96,395 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Monolithic Power Systems by 33.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock worth $1,180,104,000 after purchasing an additional 506,430 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Monolithic Power Systems by 7.5% during the 1st quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company’s stock valued at $724,589,000 after acquiring an additional 86,853 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Monolithic Power Systems by 26.5% in the first quarter. JPMorgan Chase & Co. now owns 629,566 shares of the semiconductor company’s stock valued at $365,136,000 after purchasing an additional 132,078 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 335,986 shares of the semiconductor company’s stock valued at $194,865,000 after buying an additional 10,163 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.
Monolithic Power Systems Stock Performance
NASDAQ MPWR opened at $924.29 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38. The stock has a market cap of $44.28 billion, a PE ratio of 24.07, a P/E/G ratio of 4.08 and a beta of 1.33. The firm has a 50-day moving average of $953.56 and a 200-day moving average of $809.89.
Monolithic Power Systems Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio is 15.93%.
Insider Activity
In other Monolithic Power Systems news, EVP Saria Tseng sold 1,300 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $1,087.62, for a total value of $1,413,906.00. Following the sale, the executive vice president owned 126,354 shares of the company’s stock, valued at approximately $137,425,137.48. This trade represents a 1.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total value of $3,073,290.00. Following the completion of the transaction, the chief financial officer owned 74,332 shares in the company, valued at approximately $76,147,930.76. This represents a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 43,443 shares of company stock valued at $41,703,115. Corporate insiders own 3.40% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on MPWR shares. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Loop Capital boosted their price objective on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. William Blair raised shares of Monolithic Power Systems to a “strong-buy” rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,047.27.
Read Our Latest Stock Analysis on MPWR
Monolithic Power Systems 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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