Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 41.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,208 shares of the semiconductor company’s stock after acquiring an additional 21,307 shares during the period. Bank of Montreal Can owned about 0.15% of Monolithic Power Systems worth $60,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Family Firm Inc. acquired a new stake in Monolithic Power Systems in the second quarter valued at $25,000. RiverPark Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 1st quarter valued at about $27,000. Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems during the second quarter worth about $33,000. Crewe Advisors LLC grew its stake in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Monolithic Power Systems in the second quarter valued at about $36,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 29,714 shares in the company, valued at $28,228,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $566,667.92. Following the sale, the chief financial officer now directly owns 64,178 shares in the company, valued at $49,955,513.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,299 shares of company stock valued at $83,140,933. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several research reports. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. Truist Financial raised their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Buy” and an average target price of $912.30.

Monolithic Power Systems Trading Up 0.4 %

MPWR opened at $914.74 on Thursday. The business’s 50 day moving average is $864.88 and its 200-day moving average is $780.08. The stock has a market cap of $44.59 billion, a PE ratio of 109.03, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $959.64.

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

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Monolithic Power Systems 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.