MGO One Seven LLC lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 53.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 651 shares of the semiconductor company’s stock after purchasing an additional 226 shares during the quarter. MGO One Seven LLC’s holdings in Monolithic Power Systems were worth $476,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC raised its position in Monolithic Power Systems by 35.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,002 shares of the semiconductor company’s stock worth $6,585,000 after buying an additional 2,379 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Monolithic Power Systems by 23.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 590 shares of the semiconductor company’s stock worth $431,000 after buying an additional 111 shares during the last quarter. Apollon Wealth Management LLC raised its position in Monolithic Power Systems by 9.9% during the 2nd quarter. Apollon Wealth Management LLC now owns 889 shares of the semiconductor company’s stock worth $650,000 after buying an additional 80 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in Monolithic Power Systems during the 2nd quarter worth approximately $48,000. Finally, SLT Holdings LLC purchased a new position in Monolithic Power Systems during the 2nd quarter worth approximately $223,000. 93.46% of the stock is owned by hedge funds and other institutional investors.
Monolithic Power Systems Trading Down 2.2%
Shares of MPWR stock opened at $1,004.65 on Friday. The company’s 50-day moving average price is $886.92 and its 200-day moving average price is $744.73. The stock has a market cap of $48.11 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 3.74 and a beta of 1.27. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,041.50.
Monolithic Power Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems’s payout ratio is 16.25%.
Analyst Upgrades and Downgrades
MPWR has been the subject of a number of recent research reports. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a research note on Friday, August 1st. KeyCorp raised their price objective on shares of Monolithic Power Systems from $950.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Finally, Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $925.00.
Insider Activity at Monolithic Power Systems
In other Monolithic Power Systems news, Director Carintia Martinez sold 1,400 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were 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 represents a 61.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Saria Tseng sold 2,812 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $1,025.72, for a total transaction of $2,884,324.64. Following the sale, the executive vice president owned 127,654 shares in the company, valued at $130,937,260.88. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,542 shares of company stock valued at $70,973,777 in the last quarter. Corporate insiders own 3.40% of the company’s stock.
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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