Raiffeisen Bank International AG reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 61.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 960 shares of the semiconductor company’s stock after selling 1,550 shares during the quarter. Raiffeisen Bank International AG’s holdings in Monolithic Power Systems were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in MPWR. TD Waterhouse Canada Inc. increased its position in shares of Monolithic Power Systems by 4.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 373 shares of the semiconductor company’s stock valued at $496,000 after acquiring an additional 16 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Monolithic Power Systems by 258.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,455 shares of the semiconductor company’s stock worth $6,157,000 after purchasing an additional 3,211 shares during the last quarter. NEOS Investment Management LLC increased its position in shares of Monolithic Power Systems by 13.4% during the second quarter. NEOS Investment Management LLC now owns 37,133 shares of the semiconductor company’s stock worth $51,331,000 after purchasing an additional 4,391 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at about $43,000. Finally, Nykredit A S acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at about $32,593,000. 93.46% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Monolithic Power Systems
In other news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares of the company’s stock, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated 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 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 ownership of the stock. 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 sold a total of 160 shares of company stock valued at $215,945 in the last 90 days. Company insiders own 3.60% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Monolithic Power Systems
Monolithic Power Systems Stock Up 0.8%
Shares of NASDAQ:MPWR opened at $1,223.86 on Friday. The stock has a market cap of $60.14 billion, a price-to-earnings ratio of 75.04 and a beta of 1.66. The firm’s 50 day moving average price is $1,328.13 and its 200 day moving average price is $1,352.18. Monolithic Power Systems, Inc. has a fifty-two week low of $830.00 and a fifty-two week high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period in the prior year, the company posted $4.21 earnings per share. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.
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 given a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.
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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