DAVENPORT & Co LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 495 shares of the semiconductor company’s stock, valued at approximately $248,000.
Several other large investors have also recently made changes to their positions in the stock. Achmea Investment Management B.V. acquired a new position in shares of Monolithic Power Systems during the first quarter worth $27,000. West Oak Capital LLC acquired a new stake in Monolithic Power Systems in the first quarter worth about $28,000. Trifecta Capital Advisors LLC acquired a new stake in Monolithic Power Systems in the fourth quarter worth about $34,000. Belpointe Asset Management LLC acquired a new stake in Monolithic Power Systems in the fourth quarter worth about $48,000. Finally, Allworth Financial LP increased its stake in Monolithic Power Systems by 108.7% during the 1st quarter. Allworth Financial LP now owns 96 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 50 shares in the last quarter. 98.54% of the stock is owned by institutional investors.
Insider Activity at Monolithic Power Systems
In related news, VP Saria Tseng sold 3,462 shares of the business’s 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 transaction, the vice president now owns 275,253 shares in the company, valued at $127,593,528.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael Hsing sold 11,242 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $463.55, for a total transaction of $5,211,229.10. Following the sale, the chief executive officer now owns 1,067,017 shares of the company’s stock, valued at approximately $494,615,730.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Saria Tseng sold 3,462 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $463.55, for a total value of $1,604,810.10. Following the sale, the vice president now directly owns 275,253 shares in the company, valued at approximately $127,593,528.15. The disclosure for this sale can be found here. Insiders have sold a total of 39,088 shares of company stock valued at $19,081,728 over the last 90 days. 3.20% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Monolithic Power Systems Price Performance
Shares of NASDAQ MPWR opened at $533.67 on Friday. The company has a 50 day simple moving average of $509.14 and a 200-day simple moving average of $476.37. The company has a market capitalization of $25.35 billion, a P/E ratio of 55.30, a P/E/G ratio of 2.51 and a beta of 1.13. Monolithic Power Systems, Inc. has a 1 year low of $301.69 and a 1 year high of $595.98.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.25 by $0.02. Monolithic Power Systems had a return on equity of 30.00% and a net margin of 25.06%. The business had revenue of $451.07 million for the quarter, compared to analyst estimates of $450.46 million. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 9.36 EPS for the current year.
Monolithic Power Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $1.00 dividend. The ex-dividend date was Thursday, June 29th. This represents a $4.00 annualized dividend and a yield of 0.75%. Monolithic Power Systems’s dividend payout ratio (DPR) is 41.45%.
Monolithic Power Systems 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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