Level Four Advisory Services LLC Boosts Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Posted by Defense World Staff on Sep 22nd, 2023

Level Four Advisory Services LLC boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,854 shares of the semiconductor company’s stock after purchasing an additional 152 shares during the period. Level Four Advisory Services LLC’s holdings in Monolithic Power Systems were worth $4,243,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its stake in shares of Monolithic Power Systems by 31.3% in the first quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock worth $672,000 after acquiring an additional 330 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Monolithic Power Systems by 5.4% in the first quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock worth $930,000 after acquiring an additional 99 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Monolithic Power Systems by 1,624.0% in the first quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock worth $3,492,000 after acquiring an additional 6,772 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Monolithic Power Systems by 9.3% in the first quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock worth $5,019,000 after acquiring an additional 883 shares in the last quarter. Finally, Prudential PLC acquired a new position in shares of Monolithic Power Systems in the first quarter worth $439,000. Institutional investors and hedge funds own 96.52% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 500 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $500.00, for a total transaction of $250,000.00. Following the transaction, the director now owns 1,793 shares of the company’s stock, valued at $896,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Kuo Wei Herbert Chang sold 500 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $500.00, for a total value of $250,000.00. Following the completion of the sale, the director now owns 1,793 shares of the company’s stock, valued at $896,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Maurice Sciammas sold 9,843 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $534.23, for a total transaction of $5,258,425.89. Following the completion of the sale, the vice president now directly owns 190,201 shares of the company’s stock, valued at approximately $101,611,080.23. The disclosure for this sale can be found here. Insiders have sold a total of 82,637 shares of company stock valued at $44,126,502 over the last quarter. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MPWR shares. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $500.00 to $575.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $510.00 to $600.00 in a research report on Tuesday, July 11th. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $527.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $510.00 to $575.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $580.00 price objective on shares of Monolithic Power Systems in a research report on Wednesday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $553.46.

Check Out Our Latest Report on MPWR

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $440.38 on Friday. The company has a market capitalization of $21.05 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 2.76 and a beta of 1.13. The company’s 50 day simple moving average is $514.79 and its 200 day simple moving average is $495.77. 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 posted its quarterly earnings results on Monday, July 31st. The semiconductor company reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.11). The company had revenue of $441.13 million for the quarter, compared to analysts’ expectations of $440.46 million. Monolithic Power Systems had a return on equity of 26.80% and a net margin of 24.50%. Equities analysts expect that Monolithic Power Systems, Inc. will post 9.13 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio is currently 42.92%.

About Monolithic Power Systems

(Free Report)

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.