Advisor Group Holdings Inc. increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 10.2% in the first quarter, Holdings Channel.com reports. The fund owned 24,219 shares of the semiconductor company’s stock after acquiring an additional 2,250 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Monolithic Power Systems were worth $10,622,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $36,000. Sageworth Trust Co of South Dakota bought a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $43,000. Covestor Ltd bought a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $51,000. Pinebridge Investments L.P. bought a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $99,000. Finally, GraniteShares Advisors LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $102,000. 94.02% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, insider Deming Xiao sold 4,298 shares of the company’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $392.44, for a total value of $1,686,707.12. Following the transaction, the insider now owns 288,084 shares in the company, valued at approximately $113,055,684.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $520.00, for a total transaction of $104,000.00. Following the transaction, the director now owns 5,851 shares in the company, valued at approximately $3,042,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Deming Xiao sold 4,298 shares of the company’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $392.44, for a total transaction of $1,686,707.12. Following the transaction, the insider now owns 288,084 shares in the company, valued at approximately $113,055,684.96. The disclosure for this sale can be found here. Insiders have sold a total of 21,458 shares of company stock worth $7,922,989 in the last quarter. Corporate insiders own 2.00% of the company’s stock.
Analyst Ratings Changes
Monolithic Power Systems Trading Up 4.0 %
Shares of MPWR stock opened at $526.12 on Thursday. Monolithic Power Systems, Inc. has a 12 month low of $348.02 and a 12 month high of $580.00. The stock has a market cap of $24.54 billion, a PE ratio of 75.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.10. The company’s fifty day moving average price is $423.16 and its 200-day moving average price is $426.18.
Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last announced its earnings results on Monday, August 1st. The semiconductor company reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.31. Monolithic Power Systems had a net margin of 22.40% and a return on equity of 27.52%. The firm had revenue of $461.00 million for the quarter, compared to analysts’ expectations of $430.59 million. During the same quarter in the previous year, the business posted $1.17 EPS. The company’s quarterly revenue was up 57.2% on a year-over-year basis. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 8.72 earnings per share for the current fiscal year.
Monolithic Power Systems Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Wednesday, June 29th. Monolithic Power Systems’s payout ratio is 43.04%.
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 computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.
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