Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 63.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,498 shares of the semiconductor company’s stock after acquiring an additional 8,340 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Monolithic Power Systems were worth $23,505,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of MPWR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $34,000. IFP Advisors Inc increased its stake in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd raised its holdings in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at $38,000. Finally, Torren Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $49,000. Institutional investors own 93.46% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on MPWR. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. TD Cowen boosted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.
Insider Activity at Monolithic Power Systems
In related news, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the sale, the executive vice president owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the completion of the transaction, the director directly owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 85,939 shares of company stock worth $133,279,108 over the last 90 days. 3.60% of the stock is currently owned by company insiders.
Monolithic Power Systems Price Performance
Shares of NASDAQ:MPWR opened at $1,288.16 on Friday. The company has a market cap of $63.29 billion, a price-to-earnings ratio of 92.87, a PEG ratio of 2.30 and a beta of 1.71. The firm has a 50 day simple moving average of $1,537.65 and a 200 day simple moving average of $1,259.07. Monolithic Power Systems, Inc. has a one year low of $686.87 and a one year high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business posted $4.04 earnings per share. As a group, analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.68%.
Monolithic Power Systems Company Profile
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.
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