1,375 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,375 shares of the semiconductor company’s stock, valued at approximately $1,901,000.

Several other hedge funds also recently modified their holdings of the stock. Transamerica Financial Advisors LLC bought a new position in shares of Monolithic Power Systems in the 2nd quarter valued at about $35,000. IFP Advisors Inc grew its holdings in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the period. Covestor Ltd increased its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the last quarter. Danske Bank A S acquired a new position in Monolithic Power Systems during the second quarter worth approximately $36,000. Finally, Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $38,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 4.2%

Monolithic Power Systems stock opened at $1,256.26 on Friday. The stock has a market cap of $61.74 billion, a PE ratio of 77.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The business’s 50-day moving average price is $1,348.06 and its two-hundred day moving average price is $1,350.23.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. The firm had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company’s quarterly revenue was up 47.6% on a year-over-year basis. During the same quarter last year, the business posted $4.21 earnings per share. As a group, analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 49.05%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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 directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 190 shares of company stock valued at $261,964 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on MPWR. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a report on Friday, July 31st. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Truist Financial raised their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,731.42.

Get Our Latest Research Report on Monolithic Power Systems

Monolithic Power Systems Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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