Gaddis Premier Wealth Advisors LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 742 shares of the semiconductor company’s stock, valued at approximately $811,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems in the 4th quarter valued at $34,000. IFP Advisors Inc boosted its stake in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. Covestor Ltd grew its holdings in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in Monolithic Power Systems in the 4th quarter worth about $38,000. Finally, Bell Investment Advisors Inc lifted its holdings in Monolithic Power Systems by 23.7% during the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 9 shares in the last quarter. 93.46% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. TD Cowen raised their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, KeyCorp increased their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One equities 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.
Monolithic Power Systems Stock Performance
NASDAQ:MPWR opened at $1,305.65 on Friday. The firm has a 50-day simple moving average of $1,491.91 and a 200-day simple moving average of $1,286.01. Monolithic Power Systems, Inc. has a one year low of $702.32 and a one year high of $1,714.09. The firm has a market cap of $64.15 billion, a P/E ratio of 94.13, a P/E/G ratio of 2.41 and a beta of 1.71.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. Monolithic Power Systems’s revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company posted $4.04 earnings per share. On average, research analysts predict that Monolithic Power Systems, Inc. will post 20.23 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The business 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.68%.
Insiders Place Their Bets
In other news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president directly owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 69,370 shares of company stock worth $112,702,503. 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.
Read More
- Five stocks we like better than Monolithic Power Systems
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.
