First National Bank of Omaha acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,004 shares of the semiconductor company’s stock, valued at approximately $2,770,000.
Other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in shares of Monolithic Power Systems by 171.4% during the 3rd 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 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 purchasing an additional 9 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 28 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at about $38,000. Finally, Essential Partners LLC boosted its position in Monolithic Power Systems by 30.3% during the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Insiders Place Their Bets
In other news, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director directly owned 565 shares in the company, valued at approximately $802,300. This trade represents a 8.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on 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 sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 13,191 shares of company stock worth $21,807,015. Corporate insiders own 3.60% of the company’s stock.
Monolithic Power Systems Stock Down 5.8%
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.21 earnings per share. As a group, sell-side 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. Shareholders of record on Tuesday, June 30th were given 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 presently 49.05%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Needham & Company LLC lifted their price objective on 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. KeyCorp increased their target price on 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 Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,705.82.
View Our Latest Analysis on Monolithic Power Systems
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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