Stance Capital LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,416 shares of the semiconductor company’s stock, valued at approximately $1,283,000.
Several other institutional investors have also modified their holdings of MPWR. Corient Private Wealth LLC grew its position 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 valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Norges Bank acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $658,656,000. Invesco Ltd. lifted its stake in 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 buying an additional 295,556 shares in the last quarter. SG Americas Securities LLC lifted its stake in Monolithic Power Systems by 77,483.1% in the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after buying an additional 261,893 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Monolithic Power Systems by 56.6% in the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after buying an additional 253,653 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.
Insider Activity
In other news, Director Jeff Zhou sold 486 shares of the stock in a transaction dated 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 transaction, the director directly owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. The trade was a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 113,043 shares of company stock worth $160,843,106. 3.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Research Report on MPWR
Monolithic Power Systems Price Performance
NASDAQ MPWR opened at $1,563.70 on Monday. Monolithic Power Systems, Inc. has a 12-month low of $671.18 and a 12-month high of $1,714.09. The company has a market capitalization of $76.82 billion, a PE ratio of 112.74, a price-to-earnings-growth ratio of 2.80 and a beta of 1.69. The firm’s 50 day moving average is $1,546.37 and its 200-day moving average is $1,232.21.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the previous year, the firm posted $4.04 earnings per share. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.
Monolithic Power Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.5%. Monolithic Power Systems’s payout ratio is 57.68%.
Monolithic Power Systems 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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