Mirabella Financial Services LLP cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 94.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 157 shares of the semiconductor company’s stock after selling 2,798 shares during the quarter. Mirabella Financial Services LLP’s holdings in Monolithic Power Systems were worth $217,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in MPWR. State Street Corp lifted its position in shares of Monolithic Power Systems by 2.1% during the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after buying an additional 45,715 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Monolithic Power Systems by 7.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock valued at $1,533,013,000 after acquiring an additional 117,596 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after acquiring an additional 295,556 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Monolithic Power Systems by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock valued at $1,248,436,000 after acquiring an additional 44,583 shares during the last quarter. 93.46% of the stock is owned by institutional investors.
Monolithic Power Systems Price Performance
NASDAQ:MPWR opened at $1,402.01 on Friday. The company has a market capitalization of $68.90 billion, a P/E ratio of 85.96 and a beta of 1.69. The business has a fifty day simple moving average of $1,394.48 and a two-hundred day simple moving average of $1,338.74. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. 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 currently 49.05%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on MPWR. KeyCorp lifted their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,705.82.
Read Our Latest Analysis on Monolithic Power Systems
Insider Buying and Selling at Monolithic Power Systems
In other news, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director directly owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% 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 the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,191 shares of company stock worth $21,807,015 over the last three months. Company insiders own 3.60% of the company’s stock.
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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