Monolithic Power Systems, Inc. $MPWR Stock Sold by Sapient Capital LLC
by Amy Steele · The Cerbat GemSapient Capital LLC reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 70.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,457 shares of the semiconductor company’s stock after selling 15,517 shares during the quarter. Sapient Capital LLC’s holdings in Monolithic Power Systems were worth $8,712,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Monolithic Power Systems in the second quarter worth about $7,727,289,000. Corient Private Wealth LLC lifted its position in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at approximately $741,271,000. Legal & General Group Plc bought a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $497,561,000. Finally, Royal Bank of Canada raised its stake in Monolithic Power Systems by 168.1% during the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after acquiring an additional 296,788 shares during the period. Institutional investors own 93.46% of the company’s stock.
Wall Street Analyst Weigh In
MPWR has been the subject of a number of recent analyst reports. Arete Research set a $2,013.00 price target on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday, August 20th. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Monday. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings cut Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,731.42.
Check Out Our Latest Research Report on Monolithic Power Systems
Monolithic Power Systems Stock Down 3.9%
Monolithic Power Systems stock traded down $56.18 during midday trading on Thursday, reaching $1,369.80. 847,824 shares of the stock traded hands, compared to its average volume of 726,441. The stock has a market cap of $67.31 billion, a P/E ratio of 83.99 and a beta of 1.68. The stock’s fifty day moving average is $1,312.56 and its 200-day moving average is $1,382.56. Monolithic Power Systems, Inc. has a 12 month low of $833.18 and a 12 month high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released 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. The business had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company’s revenue was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.21 EPS. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 23.32 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid 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 is Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.
Insiders Place Their Bets
In other news, Director Kuo Wei Chang sold 50 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director directly owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 130 shares of company stock valued at $175,397 over the last three months. Corporate insiders own 3.60% of the company’s stock.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.
The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.
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