Ieq Capital LLC Has $1.68 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Ieq Capital LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) by 130.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,635 shares of the semiconductor company’s stock after acquiring an additional 2,624 shares during the quarter. Ieq Capital LLC’s holdings in Monolithic Power Systems were worth $1,684,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Achmea Investment Management B.V. bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth $27,000. Glassman Wealth Services grew its position in Monolithic Power Systems by 58.5% during the second quarter. Glassman Wealth Services now owns 65 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 24 shares during the period. Lindbrook Capital LLC grew its position in Monolithic Power Systems by 75.6% during the second quarter. Lindbrook Capital LLC now owns 72 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 31 shares during the period. Heritage Wealth Management LLC bought a new position in Monolithic Power Systems during the second quarter valued at about $28,000. Finally, Private Trust Co. NA grew its position in Monolithic Power Systems by 111.1% during the third quarter. Private Trust Co. NA now owns 76 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 40 shares during the period. Institutional investors own 96.42% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock opened at $419.13 on Wednesday. The company has a market capitalization of $19.67 billion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.12. Monolithic Power Systems, Inc. has a one year low of $301.69 and a one year high of $541.39. The company’s 50 day moving average price is $374.86 and its two-hundred day moving average price is $400.91.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The semiconductor company reported $2.64 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.09). The business had revenue of $495.42 million for the quarter, compared to analysts’ expectations of $490.45 million. Monolithic Power Systems had a return on equity of 29.06% and a net margin of 23.42%. On average, research analysts predict that Monolithic Power Systems, Inc. will post 9.43 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Thursday, December 29th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 37.04%.

Insiders Place Their Bets

In other news, insider Deming Xiao sold 2,980 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $400.00, for a total value of $1,192,000.00. Following the transaction, the insider now owns 261,920 shares in the company, valued at $104,768,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Deming Xiao sold 2,980 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $400.00, for a total value of $1,192,000.00. Following the transaction, the insider now owns 261,920 shares in the company, valued at $104,768,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 3,790 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $343.98, for a total transaction of $1,303,684.20. Following the completion of the transaction, the chief executive officer now owns 1,002,093 shares in the company, valued at approximately $344,699,950.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,306 shares of company stock valued at $32,829,469. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MPWR. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research report on Friday, November 11th. They set an “overweight” rating and a $435.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Monolithic Power Systems from $400.00 to $435.00 in a report on Wednesday, December 14th. Raymond James lowered their price target on shares of Monolithic Power Systems from $570.00 to $400.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Truist Financial increased their price target on shares of Monolithic Power Systems from $432.00 to $533.00 and gave the stock a “buy” rating in a report on Monday. Finally, Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $550.00 to $450.00 and set a “buy” rating on the stock in a report on Friday, October 28th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $445.30.

About Monolithic Power Systems

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications 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 and notebooks, monitors, infotainment applications, and medical equipment.

See Also

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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