Riverstone Advisors LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 56.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 598 shares of the semiconductor company’s stock after acquiring an additional 215 shares during the period. Riverstone Advisors LLC’s holdings in Monolithic Power Systems were worth $437,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. WPG Advisers LLC bought a new position in Monolithic Power Systems in the 1st quarter worth approximately $27,000. NewSquare Capital LLC lifted its holdings in shares of Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after buying an additional 19 shares in the last quarter. SouthState Corp bought a new position in shares of Monolithic Power Systems during the first quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Monolithic Power Systems during the second quarter worth $36,000. Finally, Meeder Asset Management Inc. grew its stake in Monolithic Power Systems by 146.4% during the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Trading Up 1.8%
Shares of NASDAQ:MPWR opened at $872.35 on Friday. The company has a market cap of $41.79 billion, a price-to-earnings ratio of 22.72, a PEG 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 has a 50-day moving average price of $956.97 and a 200 day moving average price of $821.40.
Monolithic Power Systems Dividend Announcement
The business also recently declared 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. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 15.93%.
Analyst Ratings Changes
Several brokerages have commented on MPWR. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Raymond James Financial reiterated an “outperform” rating and issued a $875.00 target price (up from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,047.27.
Get Our Latest Stock Report on MPWR
Insider Buying and Selling
In other Monolithic Power Systems news, EVP Saria Tseng sold 1,300 shares of Monolithic Power Systems stock in a transaction on Friday, October 24th. The shares were sold at an average price of $1,087.62, for a total transaction of $1,413,906.00. Following the completion of the transaction, the executive vice president directly owned 126,354 shares of the company’s stock, valued at $137,425,137.48. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 27,966 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the completion of the sale, the executive vice president directly owned 148,306 shares in the company, valued at approximately $130,755,467.96. This represents a 15.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,443 shares of company stock valued at $72,480,676 in the last three months. 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.
Read More
- Five stocks we like better than Monolithic Power Systems
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- MarketBeat Week in Review – 11/17 – 11/21
- How to Capture the Benefits of Dividend Increases
- A Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech Moves
- Stock Market Sectors: What Are They and How Many Are There?
- 12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming
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.
