First National Bank of Omaha Invests $2.77 Million in Monolithic Power Systems, Inc. $MPWR

First National Bank of Omaha acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent filing with the SEC. The fund acquired 2,004 shares of the semiconductor company’s stock, valued at approximately $2,770,000.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $38,000. Sunbelt Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after buying an additional 28 shares in the last quarter. Finally, Essential Partners LLC boosted its position in shares of Monolithic Power Systems by 30.3% in the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings cut shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a report on Friday, July 31st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. TD Cowen upped their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,705.82.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,333.18 on Wednesday. The firm’s 50 day simple moving average is $1,387.64 and its 200 day simple moving average is $1,344.11. The company has a market capitalization of $65.51 billion, a P/E ratio of 81.74 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same period in the previous year, the business posted $4.21 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 49.05%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director directly owned 565 shares of the company’s stock, valued at approximately $802,300. This trade represents a 8.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,191 shares of company stock valued at $21,807,015. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.