Handelsbanken Fonder AB boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 3.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,416 shares of the semiconductor company’s stock after acquiring an additional 983 shares during the quarter. Handelsbanken Fonder AB’s holdings in Monolithic Power Systems were worth $44,811,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MPWR. Merit Financial Group LLC lifted its holdings in shares of Monolithic Power Systems by 183.9% in the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after buying an additional 1,786 shares during the period. Fideuram Asset Management Ireland dac acquired a new position in Monolithic Power Systems during the fourth quarter worth about $3,983,000. Mirabaud Asset Management Ltd acquired a new position in Monolithic Power Systems during the fourth quarter worth about $4,424,000. B. Metzler seel. Sohn & Co. AG raised its position in Monolithic Power Systems by 45.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock worth $2,219,000 after acquiring an additional 770 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Monolithic Power Systems by 37.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,070 shares of the semiconductor company’s stock worth $81,636,000 after acquiring an additional 24,657 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.
Monolithic Power Systems Stock Up 1.5%
Shares of Monolithic Power Systems stock opened at $1,402.11 on Wednesday. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The firm has a market capitalization of $68.90 billion, a PE ratio of 85.97 and a beta of 1.69. The stock’s fifty day moving average is $1,407.16 and its 200-day moving average is $1,333.74.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. 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 is currently 49.05%.
Insiders Place Their Bets
In other news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares of the company’s stock, valued at $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,141 shares of company stock worth $40,472,815 over the last ninety days. 3.60% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
MPWR has been the subject of several research reports. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Needham & Company LLC boosted their target price on shares of 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. Weiss Ratings downgraded shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Finally, Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,705.82.
View Our Latest Report on MPWR
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.
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