We Are One Seven LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,638 shares of the semiconductor company’s stock, valued at approximately $331,000.
Several other hedge funds also recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth $141,000. Engineers Gate Manager LP bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth $201,000. Eagle Boston Investment Management Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth $216,000. Signition LP bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth $222,000. Finally, Triangle Securities Wealth Management bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth $224,000. 93.63% of the stock is owned by institutional investors.
Shares of MPWR opened at $113.96 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $103.14 and a 12-month high of $152.21. The firm has a market capitalization of $5.31 billion, a P/E ratio of 61.71, a PEG ratio of 2.05 and a beta of 1.53.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share for the quarter, meeting the consensus estimate of $0.90. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The business had revenue of $139.76 million for the quarter, compared to analysts’ expectations of $139.45 million. During the same period last year, the business earned $0.68 EPS. The business’s revenue was up 24.6% on a year-over-year basis. On average, analysts predict that Monolithic Power Systems, Inc. will post 2.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, September 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 64.86%.
In other Monolithic Power Systems news, CFO Theodore Blegen sold 181 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $139.96, for a total transaction of $25,332.76. Following the transaction, the chief financial officer now directly owns 56,125 shares in the company, valued at approximately $7,855,255. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Hsing sold 15,572 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $135.65, for a total value of $2,112,341.80. Following the transaction, the chief executive officer now owns 1,138,632 shares in the company, valued at $154,455,430.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,129 shares of company stock worth $24,183,574. Company insiders own 4.00% of the company’s stock.
A number of brokerages recently issued reports on MPWR. KeyCorp increased their target price on Monolithic Power Systems from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, August 29th. Needham & Company LLC increased their target price on Monolithic Power Systems from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. ValuEngine cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, Raymond James cut Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 target price on the stock. in a report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $155.38.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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