Swiss National Bank grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,900 shares of the semiconductor company’s stock after buying an additional 7,300 shares during the period. Swiss National Bank’s holdings in Monolithic Power Systems were worth $105,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of MPWR. Vanguard Group Inc. grew its stake in Monolithic Power Systems by 0.3% during the second quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock valued at $4,344,358,000 after acquiring an additional 19,277 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Monolithic Power Systems by 33.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock valued at $1,180,104,000 after purchasing an additional 506,430 shares during the last quarter. Invesco Ltd. grew its position in shares of Monolithic Power Systems by 7.5% during the first quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company’s stock valued at $724,589,000 after purchasing an additional 86,853 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Monolithic Power Systems by 26.5% during the first quarter. JPMorgan Chase & Co. now owns 629,566 shares of the semiconductor company’s stock valued at $365,136,000 after purchasing an additional 132,078 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Monolithic Power Systems by 6.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 485,388 shares of the semiconductor company’s stock worth $355,003,000 after purchasing an additional 27,837 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Stock Up 1.8%
NASDAQ MPWR opened at $872.35 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38. The firm has a market capitalization of $41.79 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 4.08 and a beta of 1.33. The company has a fifty day moving average of $956.97 and a two-hundred day moving average of $822.78.
Monolithic Power Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $1.56 per share. The ex-dividend date was Tuesday, September 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s payout ratio is presently 15.93%.
Insiders Place Their Bets
In other news, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total value of $2,739,660.00. Following the transaction, the chief financial officer directly owned 37,940 shares in the company, valued at approximately $34,647,566.80. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carintia Martinez sold 1,400 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $900.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the director directly owned 878 shares in the company, valued at $790,200. This represents a 61.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 78,443 shares of company stock worth $72,480,676. Insiders own 3.40% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on MPWR. Citigroup increased their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Rosenblatt Securities increased their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Wolfe Research set a $1,200.00 price target on shares of Monolithic Power Systems and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $1,047.27.
Get Our Latest Report on Monolithic Power Systems
About Monolithic Power Systems
Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.
See Also
- Five stocks we like better than Monolithic Power Systems
- Trading Halts Explained
- Red Cups or Red Flags: Starbucks’ Bet on a Holiday Recovery
- What Are Treasury Bonds?
- MP Materials Stock Soared After Earnings—Here’s the Real Reason
- What is a Bond Market Holiday? How to Invest and Trade
- Why Palantir Slide May Be a Setup for a Long-Term Opportunity
Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report).
Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.
