Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,819 shares of the semiconductor company’s stock after selling 3,645 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Monolithic Power Systems worth $153,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of MPWR. Catalyst Financial Partners LLC increased its holdings in Monolithic Power Systems by 7.9% in the 2nd quarter. Catalyst Financial Partners LLC now owns 272 shares of the semiconductor company’s stock worth $376,000 after buying an additional 20 shares in the last quarter. Ethic Inc. lifted its stake in Monolithic Power Systems by 7.3% during the 2nd quarter. Ethic Inc. now owns 7,107 shares of the semiconductor company’s stock valued at $9,824,000 after acquiring an additional 482 shares during the period. Paragon Advisors LLC lifted its stake in Monolithic Power Systems by 6.7% during the 2nd quarter. Paragon Advisors LLC now owns 3,367 shares of the semiconductor company’s stock valued at $4,654,000 after acquiring an additional 211 shares during the period. Avestar Capital LLC boosted its holdings in shares of Monolithic Power Systems by 6.7% during the 2nd quarter. Avestar Capital LLC now owns 572 shares of the semiconductor company’s stock valued at $791,000 after acquiring an additional 36 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its stake in shares of Monolithic Power Systems by 58.5% in the second quarter. Ashton Thomas Private Wealth LLC now owns 504 shares of the semiconductor company’s stock worth $697,000 after acquiring an additional 186 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.
Monolithic Power Systems Trading Up 2.9%
Monolithic Power Systems stock opened at $1,402.01 on Friday. 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 price-to-earnings ratio of 85.96 and a beta of 1.69. The firm has a 50 day moving average of $1,394.48 and a 200 day moving average of $1,338.74.
Monolithic Power Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.
Insider Activity
In related news, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction 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 transaction, the director owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,191 shares of company stock worth $21,807,015 in the last quarter. Corporate insiders own 3.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on MPWR. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $1,705.82.
View Our Latest Research Report on Monolithic Power Systems
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.
Further Reading
- Five stocks we like better than Monolithic Power Systems
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
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.
