Massachusetts Financial Services Co. MA grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 6.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 485,388 shares of the semiconductor company’s stock after purchasing an additional 27,837 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.01% of Monolithic Power Systems worth $355,003,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the business. BLB&B Advisors LLC raised its stake in shares of Monolithic Power Systems by 9.1% during the 2nd quarter. BLB&B Advisors LLC now owns 9,205 shares of the semiconductor company’s stock valued at $6,732,000 after purchasing an additional 768 shares during the period. Banco Santander S.A. bought a new stake in shares of Monolithic Power Systems during the first quarter valued at about $818,000. Level Four Advisory Services LLC lifted its holdings in shares of Monolithic Power Systems by 9.7% in the first quarter. Level Four Advisory Services LLC now owns 9,332 shares of the semiconductor company’s stock worth $5,413,000 after buying an additional 823 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Monolithic Power Systems by 26.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 99,173 shares of the semiconductor company’s stock worth $57,518,000 after buying an additional 20,625 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Monolithic Power Systems by 3.1% in the first quarter. LPL Financial LLC now owns 112,122 shares of the semiconductor company’s stock valued at $65,028,000 after acquiring an additional 3,379 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Stock Performance
NASDAQ MPWR opened at $920.19 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38. The company has a fifty day moving average of $954.65 and a 200-day moving average of $813.80. The company has a market capitalization of $44.08 billion, a P/E ratio of 23.96, a P/E/G ratio of 4.08 and a beta of 1.33.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 15.93%.
Insider Buying and Selling
In other Monolithic Power Systems news, EVP Saria Tseng sold 1,300 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $1,087.62, for a total value of $1,413,906.00. Following the completion of the sale, the executive vice president owned 126,354 shares of the company’s stock, valued at $137,425,137.48. This represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Zhou sold 193 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $870.00, for a total transaction of $167,910.00. Following the transaction, the director owned 5,611 shares in the company, valued at $4,881,570. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 43,443 shares of company stock worth $41,703,115 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Rosenblatt Securities increased their price objective on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. Finally, Raymond James Financial restated an “outperform” rating and issued a $875.00 target price (up from $720.00) on shares of Monolithic Power Systems in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,047.27.
Read Our Latest Stock Analysis on MPWR
About Monolithic Power Systems
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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