Bank of New York Mellon Corp lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 5.3% in the 2nd quarter, Holdings Channel reports. The fund owned 336,550 shares of the semiconductor company’s stock after selling 18,762 shares during the period. Bank of New York Mellon Corp’s holdings in Monolithic Power Systems were worth $246,146,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. WPG Advisers LLC acquired a new stake in Monolithic Power Systems during the 1st quarter valued at $27,000. SouthState Corp acquired a new stake in shares of Monolithic Power Systems in the first quarter worth $33,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Monolithic Power Systems during the second quarter valued at $36,000. Meeder Asset Management Inc. raised its position 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 buying an additional 41 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in Monolithic Power Systems by 306.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on MPWR. Needham & Company LLC lifted their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Wells Fargo & Company raised 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 report on Monday, October 20th. Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday. Citigroup increased their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $1,047.27.
Monolithic Power Systems Trading Down 4.6%
Monolithic Power Systems stock opened at $957.87 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,123.38. The firm’s fifty day simple moving average is $936.87 and its 200-day simple moving average is $793.07. The company has a market capitalization of $45.87 billion, a P/E ratio of 24.94, a P/E/G ratio of 4.08 and a beta of 1.27.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. The firm had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. Monolithic Power Systems’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.06 earnings per share. Monolithic Power Systems has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 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, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.56 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is currently 15.93%.
Insider Buying and Selling
In related news, Director Carintia Martinez sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $900.00, for a total value of $1,260,000.00. Following the completion of the sale, the director directly owned 878 shares in the company, valued at approximately $790,200. The trade was a 61.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $814.34, for a total value of $2,443,020.00. Following the transaction, the chief financial officer owned 40,939 shares in the company, valued at approximately $33,338,265.26. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 43,843 shares of company stock valued at $42,011,753 over the last 90 days. 3.40% of the stock is currently owned by insiders.
Monolithic Power Systems Company Profile
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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