Nisa Investment Advisors LLC lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,136 shares of the semiconductor company’s stock after selling 702 shares during the period. Nisa Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $20,423,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $7,727,289,000. Bank of America Corp DE purchased a new position in Monolithic Power Systems in the 2nd quarter valued at approximately $741,271,000. Legal & General Group Plc bought a new stake in Monolithic Power Systems during the 2nd quarter valued at $497,561,000. Royal Bank of Canada raised its holdings in Monolithic Power Systems by 168.1% during the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after acquiring an additional 296,788 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Monolithic Power Systems during the 2nd quarter valued at $402,414,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MPWR has been the topic of several recent research reports. Wall Street Zen downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Rosenblatt Securities reiterated a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. Truist Financial lifted their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Needham & Company LLC increased 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. Finally, Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $1,706.93.
Read Our Latest Report on Monolithic Power Systems
Monolithic Power Systems Price Performance
NASDAQ MPWR opened at $1,283.32 on Thursday. The company’s 50 day simple moving average is $1,295.49 and its two-hundred day simple moving average is $1,397.17. Monolithic Power Systems, Inc. has a 1 year low of $833.18 and a 1 year high of $1,714.09. The stock has a market capitalization of $63.06 billion, a PE ratio of 78.68 and a beta of 1.68.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. The firm 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%. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.21 EPS. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 23.95 EPS for the current year.
Monolithic Power Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.05%.
Insider Buying and Selling at Monolithic Power Systems
In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the firm’s 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 completion of the sale, the director directly owned 515 shares in the company, valued at approximately $660,008.55. The trade was a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 130 shares of company stock valued at $175,397 in the last three months. 3.60% of the stock is owned by corporate insiders.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.
The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.
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