Swiss Life Asset Management Ltd decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,087 shares of the semiconductor company’s stock after selling 6,940 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Monolithic Power Systems were worth $33,297,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MPWR. Brighton Jones LLC lifted its stake in Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC grew its stake in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after buying an additional 314 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after buying an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $347,000. 93.46% of the stock is owned by institutional investors.
Monolithic Power Systems Price Performance
Shares of NASDAQ MPWR opened at $1,362.55 on Friday. The company’s 50 day simple moving average is $1,396.06 and its 200 day simple moving average is $1,338.29. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The firm has a market capitalization of $66.96 billion, a P/E ratio of 83.54 and a beta of 1.69.
Monolithic Power Systems Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.
Insider Buying and Selling
In related news, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares in the company, valued at approximately $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeff Zhou sold 486 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the sale, the director directly owned 3,800 shares of the company’s stock, valued at $6,384,000. The trade was a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,191 shares of company stock worth $21,807,015 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on MPWR. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Truist Financial boosted their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday. Finally, TD Cowen lifted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.
View Our Latest Report on MPWR
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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