Freestone Grove Partners LP bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,914 shares of the semiconductor company’s stock, valued at approximately $8,175,000.
Several other institutional investors have also recently made changes to their positions in MPWR. Fideuram Asset Management Ireland dac acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $3,983,000. Mirabaud Asset Management Ltd acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $4,424,000. Baker Avenue Asset Management LP increased its position in shares of Monolithic Power Systems by 436.6% during the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock worth $2,884,000 after purchasing an additional 2,589 shares in the last quarter. Norges Bank bought a new position in Monolithic Power Systems during the 4th quarter valued at about $658,656,000. Finally, ProShare Advisors LLC boosted its position in Monolithic Power Systems by 291.9% in the fourth quarter. ProShare Advisors LLC now owns 99,461 shares of the semiconductor company’s stock valued at $90,147,000 after buying an additional 74,082 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.
Insider Buying and Selling
In other news, EVP Maurice Sciammas sold 30 shares of the 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 transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 190 shares of company stock worth $261,964. Insiders own 3.60% of the company’s stock.
Monolithic Power Systems Stock Down 4.2%
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same period in the prior year, the company posted $4.21 EPS. The company’s revenue was up 47.6% compared to the same quarter last year. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.
Monolithic Power Systems Announces Dividend
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.
Analysts Set New Price Targets
MPWR has been the topic of several research analyst reports. Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research note on Thursday, August 20th. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a report on Friday, July 31st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, TD Cowen boosted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.
Read Our Latest Research Report on Monolithic Power Systems
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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