Plato Investment Management Ltd acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor acquired 1,192 shares of the semiconductor company’s stock, valued at approximately $1,638,000.
Several other hedge funds have also recently made changes to their positions in the business. IFP Advisors Inc raised its holdings 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 acquiring an additional 24 shares in the last quarter. Covestor Ltd lifted its stake in 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 acquiring an additional 9 shares during the period. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at $38,000. Sunbelt Securities Inc. boosted its holdings in Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 28 shares in the last quarter. Finally, Essential Partners LLC increased its position in Monolithic Power Systems by 30.3% during the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 10 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Monolithic Power Systems
In related news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction dated Monday, August 3rd. The shares were 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 trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 dated Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the sale, the director directly owned 3,800 shares in the company, valued at $6,384,000. The trade was a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,191 shares of company stock valued at $21,807,015 in the last quarter. 3.60% of the stock is owned by insiders.
Analyst Ratings Changes
View Our Latest Research Report on Monolithic Power Systems
Monolithic Power Systems Stock Up 1.0%
Shares of MPWR stock opened at $1,415.99 on Tuesday. The stock has a market cap of $69.59 billion, a price-to-earnings ratio of 86.82 and a beta of 1.69. The business’s fifty day moving average is $1,391.62 and its 200 day moving average is $1,342.90. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.21 earnings per share. Equities research analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $2.00 dividend. 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%.
Monolithic Power Systems Company 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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