Stiles Financial Services Inc raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 9.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,205 shares of the semiconductor company’s stock after buying an additional 196 shares during the quarter. Stiles Financial Services Inc’s holdings in Monolithic Power Systems were worth $1,615,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Callan Family Office LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $944,000. Mainstay Capital Management LLC ADV lifted its stake in shares of Monolithic Power Systems by 113.4% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 794 shares of the semiconductor company’s stock valued at $581,000 after purchasing an additional 422 shares during the period. Boomfish Wealth Group LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $886,000. BankPlus Trust Department lifted its stake in shares of Monolithic Power Systems by 4.4% in the 2nd quarter. BankPlus Trust Department now owns 1,254 shares of the semiconductor company’s stock valued at $917,000 after purchasing an additional 53 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its stake in shares of Monolithic Power Systems by 2.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 17,100 shares of the semiconductor company’s stock valued at $12,529,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Trading Down 0.2%
Monolithic Power Systems stock opened at $979.25 on Friday. The firm has a market cap of $46.90 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 3.65 and a beta of 1.27. The stock has a fifty day simple moving average of $865.59 and a two-hundred day simple moving average of $727.68. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $986.63.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.25%.
Insiders Place Their Bets
In related news, EVP Deming Xiao sold 39,999 shares of Monolithic Power Systems stock in a transaction on Friday, August 1st. The stock was sold at an average price of $780.00, for a total value of $31,199,220.00. Following the completion of the sale, the executive vice president owned 121,605 shares of the company’s stock, valued at $94,851,900. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carintia Martinez sold 1,400 shares of Monolithic Power Systems stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $900.00, for a total value of $1,260,000.00. Following the completion of the sale, the director directly owned 878 shares of the company’s stock, valued at $790,200. The trade was a 61.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,702 shares of company stock worth $53,834,480. 3.40% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research analysts have recently commented on MPWR shares. William Blair upgraded Monolithic Power Systems to a “strong-buy” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Citigroup lifted their price objective on Monolithic Power Systems from $825.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $880.00 to $930.00 and gave the company a “buy” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $880.50.
Read Our Latest Report on MPWR
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc engages 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 direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.
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