AdvisorShares Investments LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 640 shares of the semiconductor company’s stock, valued at approximately $468,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Monolithic Power Systems by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company’s stock worth $3,433,870,000 after purchasing an additional 96,395 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Monolithic Power Systems by 33.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock worth $1,180,104,000 after acquiring an additional 506,430 shares during the period. Invesco Ltd. grew its holdings in Monolithic Power Systems by 7.5% during the 1st quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company’s stock valued at $724,589,000 after buying an additional 86,853 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Monolithic Power Systems by 26.5% during the 1st quarter. JPMorgan Chase & Co. now owns 629,566 shares of the semiconductor company’s stock valued at $365,136,000 after buying an additional 132,078 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Monolithic Power Systems by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 355,312 shares of the semiconductor company’s stock valued at $206,074,000 after buying an additional 5,390 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.
Monolithic Power Systems Stock Performance
NASDAQ:MPWR opened at $1,087.56 on Friday. The company has a market capitalization of $52.08 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 4.08 and a beta of 1.27. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38. The stock has a 50-day simple moving average of $928.18 and a 200 day simple moving average of $779.89.
Monolithic Power Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.56 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.25%.
Insider Buying and Selling at Monolithic Power Systems
In other Monolithic Power Systems news, Director Jeff Zhou sold 400 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $850.00, for a total value of $340,000.00. Following the transaction, the director owned 5,804 shares of the company’s stock, valued at $4,933,400. This trade represents a 6.45% 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, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $814.34, for a total transaction of $2,443,020.00. Following the completion of the transaction, the chief financial officer directly owned 40,939 shares in the company, valued at $33,338,265.26. This represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 40,843 shares of company stock worth $38,938,463. Insiders own 3.40% of the company’s stock.
Analyst Upgrades and Downgrades
MPWR has been the topic of a number of recent analyst reports. Raymond James Financial reissued an “outperform” rating and set a $875.00 price target (up previously from $720.00) on shares of Monolithic Power Systems in a research note on Friday, August 1st. William Blair raised Monolithic Power Systems to a “strong-buy” rating in a research report on Wednesday, August 13th. Citigroup raised their price objective on Monolithic Power Systems from $825.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $963.18.
Check Out Our Latest Stock 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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