1,375 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by Jefferies Financial Group Inc.
by Danessa Lincoln · The Markets DailyJefferies Financial Group Inc. purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,375 shares of the semiconductor company’s stock, valued at approximately $1,901,000.
Several other large investors also recently added to or reduced their stakes in MPWR. Transamerica Financial Advisors LLC bought a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $35,000. Danske Bank A S bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $36,000. IFP Advisors Inc boosted its holdings in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Covestor Ltd grew its stake in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Price Performance
Shares of Monolithic Power Systems stock opened at $1,256.26 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The firm has a market cap of $61.74 billion, a PE ratio of 77.02 and a beta of 1.69. The company has a 50 day simple moving average of $1,348.06 and a two-hundred day simple moving average of $1,350.23.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to analyst estimates 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 earnings per share. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.
Monolithic Power Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued 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 was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is presently 49.05%.
Insiders Place Their Bets
In related news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. 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 190 shares of company stock valued at $261,964 in the last ninety days. 3.60% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have recently weighed in on MPWR shares. KeyCorp lifted their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Needham & Company LLC upped their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.
View Our Latest Stock Analysis on Monolithic Power Systems
Monolithic Power Systems Profile
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.
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