Royal Bank of Canada boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 168.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 473,368 shares of the semiconductor company’s stock after purchasing an additional 296,788 shares during the quarter. Royal Bank of Canada’s holdings in Monolithic Power Systems were worth $517,557,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of MPWR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $34,000. IFP Advisors Inc increased its position in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Covestor Ltd increased its holdings in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $38,000. Finally, Torren Management LLC acquired a new stake in Monolithic Power Systems in the fourth quarter worth about $49,000. Institutional investors own 93.46% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen upped 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 report on Friday, May 1st. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, KeyCorp raised their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $1,657.27.
Insider Buying and Selling at Monolithic Power Systems
In other news, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the sale, the director owned 5,402 shares in the company, valued at $8,561,953.92. The trade was a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. This represents a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 69,370 shares of company stock worth $112,702,503 in the last quarter. Company insiders own 3.60% of the company’s stock.
Monolithic Power Systems Stock Performance
MPWR opened at $1,282.01 on Wednesday. The firm’s fifty day moving average is $1,454.80 and its two-hundred day moving average is $1,308.91. Monolithic Power Systems, Inc. has a twelve month low of $706.00 and a twelve month high of $1,714.09. The firm has a market cap of $62.99 billion, a PE ratio of 92.43 and a beta of 1.71.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same period last year, the firm posted $4.04 earnings per share. The business’s revenue was up 26.1% on a year-over-year basis. Equities analysts forecast that Monolithic Power Systems, Inc. will post 20.2 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.
Monolithic Power Systems 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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