Monolithic Power Systems, Inc. $MPWR Shares Purchased by One Way Holdings LLC
by Kim Johansen · The Markets DailyOne Way Holdings LLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,213 shares of the semiconductor company’s stock after acquiring an additional 1,119 shares during the period. Monolithic Power Systems makes up about 1.3% of One Way Holdings LLC’s investment portfolio, making the stock its 23rd largest holding. One Way Holdings LLC’s holdings in Monolithic Power Systems were worth $28,579,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Royal Fund Management LLC lifted its position in Monolithic Power Systems by 2.7% in the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 7 shares in the last quarter. Eastern Bank increased its holdings in Monolithic Power Systems by 8.0% during the 3rd quarter. Eastern Bank now owns 108 shares of the semiconductor company’s stock worth $146,000 after purchasing an additional 8 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in shares of Monolithic Power Systems by 4.5% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company’s stock valued at $250,000 after purchasing an additional 8 shares during the period. Worthington Financial Partners LLC raised its stake in shares of Monolithic Power Systems by 0.6% in the 3rd quarter. Worthington Financial Partners LLC now owns 1,622 shares of the semiconductor company’s stock valued at $2,185,000 after purchasing an additional 9 shares during the period. Finally, First Bank & Trust lifted its holdings in shares of Monolithic Power Systems by 3.7% in the third quarter. First Bank & Trust now owns 254 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 9 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MPWR has been the subject of several recent research reports. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Truist Financial lifted their target price on Monolithic Power Systems from $1,889.00 to $1,906.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday. Wells Fargo & Company cut their target price on Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Finally, Rosenblatt Securities raised Monolithic Power Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $1,575.00 to $1,700.00 in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,783.77.
View Our Latest Report on Monolithic Power Systems
Monolithic Power Systems Price Performance
Shares of NASDAQ:MPWR opened at $1,211.63 on Monday. The company’s 50-day moving average price is $1,274.70 and its two-hundred day moving average price is $1,310.31. Monolithic Power Systems, Inc. has a one year low of $833.18 and a one year high of $1,714.09. The stock has a market capitalization of $59.54 billion, a PE ratio of 66.90 and a beta of 1.68.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share for the quarter, beating the consensus estimate of $7.79 by $0.40. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Monolithic Power Systems had a return on equity of 25.23% and a net margin of 23.85%. Monolithic Power Systems’s revenue for the quarter was up 63.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.73 EPS. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current fiscal year.
Monolithic Power Systems Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is 44.17%.
Insiders Place Their Bets
In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares in the company, valued at $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is currently owned by corporate insiders.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.
The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.
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