Cetera Advisors LLC increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 37.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,246 shares of the semiconductor company after acquiring an additional 341 shares during the period. Cetera Advisors LLC’s holdings in Monolithic Power Systems were worth $844,000 at the time of its most recent filing with the SEC.
Several other large investors have also added to or reduced their holdings of MPWR. RiverPark Advisors LLC acquired a new stake in Monolithic Power Systems in the 1st quarter valued at $27,000. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the 1st quarter valued at about $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at $43,000. EverSource Wealth Advisors LLC increased its position in Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 15 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in Monolithic Power Systems by 137.0% in the 4th quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.
Insider buying and selling
In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems on Thursday, August 1. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the sale, the CFO now owns 64,906 shares of the company’s stock, valued at $55,333,014.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Deming Xiao sold 1,300 shares of the company’s stock on Wednesday, May 22. The shares were sold at an average price of $769.40, for a total value of $1,000,220.00. Following the completion of the transaction, the executive vice president now owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 1. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the sale, the chief financial officer now owns 64,906 shares of the company’s stock, valued at $55,333,014.06. The disclosure regarding this sale can be found here. Insiders have sold 84,279 shares of the company’s stock, valued at $68,090,365, in the last ninety days. 3.20% of the shares are owned by insiders.
Changes in analyst ratings
Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. KeyCorp increased their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Raymond James increased their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “overweight” rating in a report on Friday, August 2. Finally, Rosenblatt Securities increased their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29. One investment analyst has rated the stock with a “hold” rating and ten have given the company a “buy” rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $882.30.
Get our latest report on Monolithic Power Systems
Monolithic power systems – price-performance ratio
NASDAQ MPWR traded $20.52 lower on Friday, reaching $823.00. 441,711 shares of the company traded hands, compared to its average volume of 538,972. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $891.67. The stock has a market cap of $40.06 billion, a P/E ratio of 98.09, a PEG ratio of 3.92 and a beta of 1.11. The stock has a 50-day moving average of $813.53 and a 200-day moving average of $732.43.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The semiconductor company reported earnings per share (EPS) of $3.17 for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same period last year, the company generated earnings per share of $2.05. Monolithic Power Systems’ revenue for the quarter increased 15.0% compared to the same quarter last year. As a group, analysts expect Monolithic Power Systems, Inc. to report earnings per share of $10.37 for the current year.
Monolithic Power Systems Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents an annualized dividend of $5.00 and a dividend yield of 0.61%. Monolithic Power Systems’ dividend payout ratio is currently 59.59%.
Monolithic Power Systems Company Profile
(Free report)
Monolithic Power Systems, Inc. is engaged in the design, development, marketing and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications and industrial markets. The company provides DC-to-DC integrated circuits (ICs) used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, artificial intelligence server applications, storage applications, commercial notebooks, digital cockpits, power sources, home appliances, 4G and 5G infrastructure and satellite communications applications.
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