WINTON GROUP Ltd purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,970 shares of the semiconductor company’s stock, valued at approximately $1,038,000.
Several other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $106,000. Zeke Capital Advisors LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $201,000. Suntrust Banks Inc. acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $204,000. Campbell & CO Investment Adviser LLC acquired a new stake in Monolithic Power Systems during the first quarter worth approximately $206,000. Finally, Lido Advisors LLC acquired a new stake in Monolithic Power Systems during the first quarter worth approximately $226,000. 91.48% of the stock is owned by institutional investors.
In other Monolithic Power Systems news, CEO Michael Hsing sold 20,000 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $111.90, for a total value of $2,238,000.00. Following the transaction, the chief executive officer now owns 1,224,789 shares in the company, valued at $137,053,889.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $113.41, for a total value of $1,701,150.00. Following the completion of the transaction, the director now owns 666,815 shares in the company, valued at approximately $75,623,489.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,576 shares of company stock worth $17,383,789. Corporate insiders own 4.00% of the company’s stock.
Shares of Monolithic Power Systems opened at $133.67 on Friday, MarketBeat.com reports. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 67.62, a PEG ratio of 2.19 and a beta of 1.32. Monolithic Power Systems, Inc. has a 52-week low of $94.24 and a 52-week high of $142.56.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Monday, April 30th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $129.20 million for the quarter, compared to analyst estimates of $125.18 million. Monolithic Power Systems had a return on equity of 17.04% and a net margin of 14.52%. The company’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share. equities analysts expect that Monolithic Power Systems, Inc. will post 2.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a $0.30 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.20 annualized dividend and a yield of 0.90%. Monolithic Power Systems’s payout ratio is currently 64.86%.
Several research firms recently commented on MPWR. Deutsche Bank raised their target price on Monolithic Power Systems from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 5th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Tuesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Monolithic Power Systems in a research note on Friday, June 8th. Cowen raised their target price on Monolithic Power Systems from $150.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, June 8th. Finally, Zacks Investment Research raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Thursday, May 3rd. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $145.22.
About Monolithic Power Systems
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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