XTX Topco Ltd purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,298 shares of the semiconductor company’s stock, valued at approximately $2,412,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in MPWR. WPG Advisers LLC acquired a new position in shares of Monolithic Power Systems during the 1st quarter valued at about $27,000. NewSquare Capital LLC increased its position in Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares during the last quarter. SouthState Corp purchased a new position in Monolithic Power Systems during the first quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $36,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Monolithic Power Systems by 146.4% during the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Price Performance
NASDAQ MPWR opened at $924.95 on Thursday. The company has a market capitalization of $44.31 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 4.08 and a beta of 1.33. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38. The company’s fifty day moving average price is $959.82 and its two-hundred day moving average price is $828.46.
Monolithic Power Systems Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 15.93%.
Insider Transactions at Monolithic Power Systems
In other Monolithic Power Systems news, CFO Theodore Blegen sold 3,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the completion of the sale, the chief financial officer owned 37,940 shares in the company, valued at $34,647,566.80. The trade was a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carintia Martinez sold 1,400 shares of the stock in a transaction on 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 sale, the director directly owned 878 shares in the company, valued at $790,200. This trade represents a 61.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,426 shares of company stock worth $76,049,294 in the last quarter. Insiders own 3.40% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on MPWR shares. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. KeyCorp raised their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Stifel Nicolaus upped their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Citigroup lifted their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $1,047.27.
Get Our Latest Analysis 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.
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