Heartland Bank & Trust Co Invests $787,000 in Monolithic Power Systems, Inc. $MPWR

Heartland Bank & Trust Co acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 569 shares of the semiconductor company’s stock, valued at approximately $787,000.

Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the period. Covestor Ltd boosted its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the period. Danske Bank A S bought a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $36,000. Greenline Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at $38,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Finally, Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research 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 company. According to MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.

Insider Buying and Selling

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the sale, the director owned 565 shares of the company’s stock, valued at approximately $802,300. The trade was a 8.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,191 shares of company stock valued at $13,874,865 over the last three months. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,316.28 on Friday. The firm has a market cap of $64.68 billion, a price-to-earnings ratio of 80.70 and a beta of 1.69. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The firm has a 50 day moving average price of $1,373.38 and a 200-day moving average price of $1,346.04.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm’s revenue was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.21 EPS. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

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.