NorthCrest Asset Manangement LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,033 shares of the semiconductor company’s stock, valued at approximately $5,022,000.
A number of other large investors have also modified their holdings of MPWR. Achmea Investment Management B.V. acquired a new stake in shares of Monolithic Power Systems in the first quarter valued at approximately $27,000. West Oak Capital LLC bought a new stake in Monolithic Power Systems during the 1st quarter valued at $28,000. Trifecta Capital Advisors LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth $34,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Monolithic Power Systems by 40.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 105 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 30 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in shares of Monolithic Power Systems by 420.0% during the third quarter. CVA Family Office LLC now owns 130 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 98.54% of the company’s stock.
Insider Buying and Selling
In other Monolithic Power Systems news, VP Saria Tseng sold 3,462 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $463.55, for a total transaction of $1,604,810.10. Following the completion of the sale, the vice president now owns 275,253 shares of the company’s stock, valued at approximately $127,593,528.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Monolithic Power Systems news, VP Saria Tseng sold 3,462 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $463.55, for a total transaction of $1,604,810.10. Following the completion of the sale, the vice president now owns 275,253 shares of the company’s stock, valued at approximately $127,593,528.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Deming Xiao sold 4,305 shares of Monolithic Power Systems stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $537.79, for a total transaction of $2,315,185.95. Following the completion of the transaction, the insider now owns 268,247 shares in the company, valued at approximately $144,260,554.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,088 shares of company stock valued at $19,081,728. Company insiders own 3.20% of the company’s stock.
Monolithic Power Systems Stock Performance
Monolithic Power Systems (NASDAQ:MPWR – Free Report) last posted its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.02. Monolithic Power Systems had a net margin of 25.06% and a return on equity of 30.00%. The firm had revenue of $451.07 million during the quarter, compared to analyst estimates of $450.46 million. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 9.31 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, June 29th. Monolithic Power Systems’s dividend payout ratio is 41.45%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on MPWR. StockNews.com started coverage on shares of Monolithic Power Systems in a report on Thursday, May 18th. They issued a “hold” rating for the company. Wells Fargo & Company lowered their price objective on shares of Monolithic Power Systems from $525.00 to $510.00 in a research note on Friday, May 5th. Deutsche Bank Aktiengesellschaft cut their target price on Monolithic Power Systems from $505.00 to $475.00 in a research report on Friday, May 5th. TD Cowen decreased their price target on Monolithic Power Systems from $550.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Finally, Needham & Company LLC cut their price objective on Monolithic Power Systems from $525.00 to $500.00 in a report on Friday, May 5th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $522.67.
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 computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.
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