Simmons Bank Buys Shares of 1,166 Monolithic Power Systems, Inc. $MPWR

Simmons Bank bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 1st quarter, HoldingsChannel reports. The firm bought 1,166 shares of the semiconductor company’s stock, valued at approximately $1,275,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $34,000. IFP Advisors Inc lifted its holdings in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd lifted its holdings in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at about $38,000. Finally, Torren Management LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at about $49,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,384.85 on Wednesday. The stock has a 50-day simple moving average of $1,550.31 and a 200 day simple moving average of $1,253.99. Monolithic Power Systems, Inc. has a 52-week low of $686.87 and a 52-week high of $1,714.09. The company has a market cap of $68.04 billion, a PE ratio of 99.85, a PEG ratio of 2.35 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter in the previous year, the business posted $4.04 EPS. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, research analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 57.68%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. The trade was a 4.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the sale, the director directly owned 3,800 shares in the company, valued at $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 85,939 shares of company stock valued at $133,279,108 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

About Monolithic Power Systems

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.