Great Lakes Advisors LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,162 shares of the semiconductor company’s stock, valued at approximately $1,606,000.
Several other hedge funds and other institutional investors have also made changes to their positions in MPWR. BlackRock Inc. purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $7,727,289,000. State Street Corp lifted its position in Monolithic Power Systems by 2.1% in the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock valued at $1,979,610,000 after acquiring an additional 45,715 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after acquiring an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after purchasing an additional 117,596 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after purchasing an additional 295,556 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Monolithic Power Systems Stock Performance
Monolithic Power Systems stock opened at $1,316.28 on Friday. The firm has a market capitalization of $64.68 billion, a price-to-earnings ratio of 80.70 and a beta of 1.69. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The stock’s fifty day moving average is $1,373.38 and its two-hundred day moving average is $1,346.04.
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 issued 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 is 49.05%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on MPWR shares. Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Needham & Company LLC increased their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, KeyCorp lifted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.
Read Our Latest Analysis on Monolithic Power Systems
Insider Buying and Selling
In other news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director owned 565 shares of the company’s stock, valued at approximately $802,300. This represents a 8.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,191 shares of company stock valued at $13,874,865 over the last three months. Insiders own 3.60% of the company’s stock.
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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