AdvisorShares Investments LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 640 shares of the semiconductor company’s stock, valued at approximately $468,000.
Several other hedge funds and other institutional investors have also made changes to their positions in MPWR. Brighton Jones LLC boosted its position in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the period. Mather Group LLC. boosted its position in shares of Monolithic Power Systems by 127.2% during the first quarter. Mather Group LLC. now owns 409 shares of the semiconductor company’s stock worth $237,000 after buying an additional 229 shares during the period. Clear Creek Financial Management LLC acquired a new position in shares of Monolithic Power Systems during the first quarter worth approximately $405,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Monolithic Power Systems by 16.3% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,948 shares of the semiconductor company’s stock worth $3,450,000 after buying an additional 832 shares during the period. Finally, DAVENPORT & Co LLC boosted its position in shares of Monolithic Power Systems by 52.6% during the first quarter. DAVENPORT & Co LLC now owns 653 shares of the semiconductor company’s stock worth $379,000 after buying an additional 225 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Monolithic Power Systems Trading Down 0.6%
NASDAQ:MPWR opened at $1,087.56 on Friday. The business’s fifty day moving average price is $928.18 and its 200 day moving average price is $779.89. The firm has a market capitalization of $52.08 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 4.08 and a beta of 1.27. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,123.38.
Monolithic Power Systems Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.56 per share. The ex-dividend date of this dividend was 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 16.25%.
Insider Activity at Monolithic Power Systems
In other news, Director Carintia Martinez sold 1,400 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $900.00, for a total transaction of $1,260,000.00. Following the transaction, the director directly owned 878 shares in the company, valued at $790,200. The trade was a 61.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeff Zhou sold 400 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $850.00, for a total transaction of $340,000.00. Following the transaction, the director owned 5,804 shares in the company, valued at approximately $4,933,400. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 40,843 shares of company stock valued at $38,938,463. Insiders own 3.40% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on MPWR shares. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Raymond James Financial reissued an “outperform” rating and set a $875.00 target price (up previously from $720.00) on shares of Monolithic Power Systems in a report on Friday, August 1st. Loop Capital boosted their target price on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $963.18.
Get Our Latest Analysis on Monolithic Power Systems
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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