Aperio Group LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.4% during the second quarter, Holdings Channel reports. The firm owned 16,404 shares of the semiconductor company’s stock after buying an additional 1,137 shares during the period. Aperio Group LLC’s holdings in Monolithic Power Systems were worth $1,581,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. TrimTabs Asset Management LLC purchased a new stake in Monolithic Power Systems during the first quarter worth $128,000. Segantii Capital Management Ltd purchased a new stake in Monolithic Power Systems during the first quarter worth $157,000. Oppenheimer & Co. Inc. purchased a new stake in Monolithic Power Systems during the first quarter worth $202,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Monolithic Power Systems during the first quarter worth $211,000. Finally, World Asset Management Inc purchased a new stake in Monolithic Power Systems during the first quarter worth $217,000. Institutional investors own 92.73% of the company’s stock.
Monolithic Power Systems, Inc. (NASDAQ MPWR) traded up 0.80% on Friday, hitting $101.27. The stock had a trading volume of 72,292 shares. The company’s 50 day moving average price is $100.64 and its 200 day moving average price is $94.48. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 71.42 and a beta of 1.23. Monolithic Power Systems, Inc. has a 52-week low of $71.60 and a 52-week high of $107.87.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The business had revenue of $112.20 million for the quarter, compared to the consensus estimate of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. Analysts expect that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.80%. Monolithic Power Systems’s dividend payout ratio is currently 56.74%.
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A number of research firms have weighed in on MPWR. Stifel Nicolaus lowered their price target on Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, April 26th. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Oppenheimer Holdings, Inc. set a $120.00 price target on Monolithic Power Systems and gave the company a “buy” rating in a research report on Wednesday, July 26th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target (up previously from $94.00) on shares of Monolithic Power Systems in a research report on Thursday, April 27th. Finally, Pacific Crest restated an “overweight” rating and set a $110.00 price target on shares of Monolithic Power Systems in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $112.29.
In other news, Director James C. Moyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $103.12, for a total transaction of $1,237,440.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Deming Xiao sold 5,352 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $93.64, for a total transaction of $501,161.28. Following the transaction, the insider now owns 286,725 shares in the company, valued at $26,848,929. The disclosure for this sale can be found here. Insiders sold a total of 120,573 shares of company stock worth $11,947,693 over the last 90 days. Insiders own 4.00% of the company’s stock.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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