569 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by Heartland Bank & Trust Co

Heartland Bank & Trust Co bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 569 shares of the semiconductor company’s stock, valued at approximately $787,000.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MPWR. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. TD Cowen lifted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $1,731.42.

Insider Activity at Monolithic Power Systems

In other news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares in the company, valued at $245,170,600. This trade represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the completion of the sale, the director directly owned 565 shares in the company, valued at $802,300. This trade represents a 8.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 8,191 shares of company stock worth $13,874,865. 3.60% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,316.28 on Friday. The stock has a market capitalization of $64.68 billion, a P/E ratio of 80.70 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The company 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 posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same period in the previous year, the firm earned $4.21 EPS. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 49.05%.

Monolithic Power Systems Profile

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.