US Bancorp DE grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,674 shares of the semiconductor company’s stock after purchasing an additional 3,898 shares during the quarter. US Bancorp DE’s holdings in Monolithic Power Systems were worth $4,707,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of MPWR. Pearl River Capital LLC acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at about $25,000. Bessemer Group Inc. bought a new stake in shares of Monolithic Power Systems in the second quarter valued at about $33,000. Advisory Services Network LLC lifted its stake in shares of Monolithic Power Systems by 36.4% in the second quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 115 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Monolithic Power Systems in the second quarter valued at about $103,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Monolithic Power Systems in the second quarter valued at about $163,000. 96.18% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on MPWR shares. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. ValuEngine upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Loop Capital started coverage on shares of Monolithic Power Systems in a research note on Tuesday, June 18th. They issued a “buy” rating and a $144.00 target price for the company. Finally, BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $150.63.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). The business had revenue of $151.00 million for the quarter, compared to the consensus estimate of $150.56 million. Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 EPS. Analysts anticipate that Monolithic Power Systems, Inc. will post 2.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, September 27th. Monolithic Power Systems’s dividend payout ratio is 66.95%.
In other Monolithic Power Systems news, VP Maurice Sciammas sold 2,722 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $128.63, for a total transaction of $350,130.86. Following the completion of the transaction, the vice president now owns 398,497 shares in the company, valued at $51,258,669.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeff Zhou sold 1,747 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $157.00, for a total transaction of $274,279.00. Following the transaction, the director now owns 17,744 shares of the company’s stock, valued at approximately $2,785,808. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,196 shares of company stock valued at $30,729,562. Corporate insiders own 3.00% of the company’s stock.
Monolithic Power Systems 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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