Oregon Public Employees Retirement Fund boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,037 shares of the semiconductor company’s stock after acquiring an additional 446 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Monolithic Power Systems were worth $8,345,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of MPWR. Merit Financial Group LLC lifted its position in Monolithic Power Systems by 183.9% during the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after purchasing an additional 1,786 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in shares of Monolithic Power Systems in the 4th quarter worth $3,983,000. Mirabaud Asset Management Ltd purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $4,424,000. B. Metzler seel. Sohn & Co. AG raised its position in shares of Monolithic Power Systems by 45.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock valued at $2,219,000 after buying an additional 770 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Monolithic Power Systems by 37.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,070 shares of the semiconductor company’s stock worth $81,636,000 after acquiring an additional 24,657 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.
Insiders Place Their Bets
In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the transaction, the director directly owned 565 shares in the company, valued at approximately $802,300. This represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,191 shares of company stock worth $21,807,015. Insiders own 3.60% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Analysis on MPWR
Monolithic Power Systems Price Performance
NASDAQ MPWR opened at $1,362.55 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The stock has a market capitalization of $66.96 billion, a PE ratio of 83.54 and a beta of 1.69. The business’s 50-day moving average is $1,396.06 and its 200 day moving average is $1,338.29.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same quarter in the prior year, the company posted $4.21 EPS. Monolithic Power Systems’s quarterly revenue was up 47.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.
About Monolithic Power Systems
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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