245 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Bought by ASB Consultores LLC

ASB Consultores LLC purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, Holdings Channel reports. The firm purchased 245 shares of the semiconductor company’s stock, valued at approximately $201,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Monolithic Power Systems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after buying an additional 55,874 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after acquiring an additional 85,676 shares in the last quarter. Capital Research Global Investors increased its position in Monolithic Power Systems by 1.2% during the 4th quarter. Capital Research Global Investors now owns 616,180 shares of the semiconductor company’s stock valued at $388,674,000 after purchasing an additional 7,323 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Monolithic Power Systems by 4.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 483,812 shares of the semiconductor company’s stock worth $327,743,000 after purchasing an additional 22,725 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Monolithic Power Systems by 10.4% during the 2nd quarter. Van ECK Associates Corp now owns 354,461 shares of the semiconductor company’s stock valued at $291,254,000 after purchasing an additional 33,287 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,672 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the sale, the chief executive officer now directly owns 877,736 shares in the company, valued at approximately $706,200,053.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Monolithic Power Systems news, EVP Saria Tseng sold 37,093 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the transaction, the executive vice president now owns 166,428 shares in the company, valued at approximately $134,507,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Hsing sold 2,672 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the sale, the chief executive officer now directly owns 877,736 shares in the company, valued at approximately $706,200,053.52. The disclosure for this sale can be found here. Insiders sold a total of 98,299 shares of company stock worth $83,140,933 in the last three months. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Down 2.2 %

NASDAQ MPWR opened at $891.32 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64. The stock’s fifty day moving average price is $862.05 and its 200-day moving average price is $776.26. The stock has a market cap of $43.39 billion, a P/E ratio of 106.24, a P/E/G ratio of 4.14 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. Monolithic Power Systems’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 EPS. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Analyst Ratings Changes

MPWR has been the topic of several research analyst reports. Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Needham & Company LLC upped their target price on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Raymond James lifted their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. KeyCorp increased their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Truist Financial raised their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $912.30.

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.