Raymond James Trust N.A. lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 41.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,681 shares of the semiconductor company’s stock after purchasing an additional 789 shares during the quarter. Raymond James Trust N.A.’s holdings in Monolithic Power Systems were worth $363,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in MPWR. Meeder Asset Management Inc. lifted its position in Monolithic Power Systems by 81.3% in the fourth quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 139 shares during the last quarter. Cutler Group LP acquired a new position in Monolithic Power Systems in the fourth quarter valued at about $58,000. Valeo Financial Advisors LLC lifted its position in Monolithic Power Systems by 553.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 437 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in Monolithic Power Systems in the third quarter valued at about $157,000. Finally, Captrust Financial Advisors lifted its position in Monolithic Power Systems by 38.0% in the fourth quarter. Captrust Financial Advisors now owns 1,318 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 363 shares during the last quarter. 99.17% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on MPWR. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Monolithic Power Systems in a research report on Monday, March 4th. ValuEngine cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Zacks Investment Research raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Deutsche Bank upped their target price on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $148.88.
In other news, insider Deming Xiao sold 3,623 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $129.59, for a total transaction of $469,504.57. Following the sale, the insider now owns 314,689 shares of the company’s stock, valued at $40,780,547.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Moyer sold 10,000 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $134.66, for a total transaction of $1,346,600.00. The disclosure for this sale can be found here. Insiders have sold 384,533 shares of company stock worth $51,913,752 in the last three months. Corporate insiders own 4.00% of the company’s stock.
Shares of MPWR opened at $153.91 on Friday. The stock has a market cap of $6.61 billion, a PE ratio of 63.08, a price-to-earnings-growth ratio of 2.15 and a beta of 1.43. Monolithic Power Systems, Inc. has a 1 year low of $101.99 and a 1 year high of $161.22.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.31. The business had revenue of $153.50 million for the quarter, compared to analysts’ expectations of $153.63 million. Monolithic Power Systems had a net margin of 18.08% and a return on equity of 18.22%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 2.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Thursday, March 28th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.30. Monolithic Power Systems’s dividend payout ratio is currently 66.95%.
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Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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