Commonwealth Equity Services LLC Has $971,000 Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Commonwealth Equity Services LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,600 shares of the semiconductor company’s stock after acquiring an additional 428 shares during the period. Commonwealth Equity Services LLC’s holdings in Monolithic Power Systems were worth $971,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Monolithic Power Systems in the 1st quarter valued at approximately $2,769,000. American Century Companies Inc. raised its holdings in Monolithic Power Systems by 383.7% in the 2nd quarter. American Century Companies Inc. now owns 85,187 shares of the semiconductor company’s stock valued at $31,814,000 after acquiring an additional 67,576 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in Monolithic Power Systems by 74.4% in the 1st quarter. Pinebridge Investments L.P. now owns 9,149 shares of the semiconductor company’s stock valued at $3,232,000 after acquiring an additional 3,902 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Monolithic Power Systems by 37.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 137,422 shares of the semiconductor company’s stock valued at $51,320,000 after acquiring an additional 37,218 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Monolithic Power Systems by 16.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,863 shares of the semiconductor company’s stock valued at $5,924,000 after acquiring an additional 2,193 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

In other Monolithic Power Systems news, CEO Michael Hsing sold 7,926 shares of the stock in a transaction on Monday, August 9th. The stock was sold at an average price of $459.12, for a total value of $3,638,985.12. Following the transaction, the chief executive officer now directly owns 992,764 shares in the company, valued at approximately $455,797,807.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deming Xiao sold 4,886 shares of the stock in a transaction on Monday, August 30th. The shares were sold at an average price of $500.00, for a total value of $2,443,000.00. Following the completion of the transaction, the insider now owns 287,607 shares in the company, valued at $143,803,500. The disclosure for this sale can be found here. Insiders sold a total of 80,427 shares of company stock worth $36,526,450 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

NASDAQ MPWR opened at $465.97 on Thursday. The firm has a market cap of $21.40 billion, a PE ratio of 111.21, a price-to-earnings-growth ratio of 4.12 and a beta of 0.92. Monolithic Power Systems, Inc. has a one year low of $296.21 and a one year high of $521.67. The stock’s 50 day simple moving average is $482.60 and its 200 day simple moving average is $406.43.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Tuesday, July 27th. The semiconductor company reported $1.81 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.69. The business had revenue of $293.30 million for the quarter, compared to analyst estimates of $281.24 million. Monolithic Power Systems had a return on equity of 19.63% and a net margin of 19.13%. Monolithic Power Systems’s revenue for the quarter was up 57.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 4.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a $0.60 dividend. The ex-dividend date is Wednesday, September 29th. This represents a $2.40 dividend on an annualized basis and a yield of 0.52%. Monolithic Power Systems’s payout ratio is 68.18%.

MPWR has been the subject of a number of recent research reports. Oppenheimer increased their target price on Monolithic Power Systems from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. Raymond James increased their target price on Monolithic Power Systems from $420.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft increased their target price on Monolithic Power Systems from $445.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, September 10th. Rosenblatt Securities increased their target price on Monolithic Power Systems from $470.00 to $620.00 and gave the stock a “buy” rating in a report on Friday, September 24th. Finally, Zacks Investment Research cut Monolithic Power Systems from a “buy” rating to a “hold” rating and set a $472.00 target price for the company. in a report on Monday, August 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Buy” and an average target price of $491.56.

About Monolithic Power Systems

Monolithic Power Systems, Inc is a semiconductor company, which engages in designing, developing, and marketing analog solutions for computing and storage, automotive, industrial, communications, and consumer markets. Its products include power modules, class-d audio, ultrasound mux, automotive, LED lighting and illumination, precision analog, and motor drivers.

Further Reading: Moving Average (MA)

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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