Alpine Group USVI LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,298 shares of the semiconductor company’s stock, valued at approximately $202,000.
Other hedge funds have also recently made changes to their positions in the company. Pearl River Capital LLC purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at about $25,000. Bessemer Group Inc. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at about $33,000. Point72 Asset Management L.P. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at about $41,000. Advisory Services Network LLC raised its holdings 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 purchasing an additional 115 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at about $103,000. Institutional investors own 96.18% of the company’s stock.
MPWR traded up $1.11 during trading on Friday, hitting $138.13. 912,446 shares of the company traded hands, compared to its average volume of 358,622. The firm has a market cap of $5.92 billion, a P/E ratio of 57.79, a price-to-earnings-growth ratio of 2.25 and a beta of 1.61. The stock’s fifty day moving average is $153.18 and its 200 day moving average is $142.77. Monolithic Power Systems, Inc. has a one year low of $101.99 and a one year high of $163.21.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.15). The company had revenue of $151.00 million for the quarter, compared to the consensus estimate of $150.56 million. Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. Monolithic Power Systems’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 2.52 earnings per share for the current fiscal year.
The business 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 $0.40 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.60 annualized dividend and a yield of 1.16%. Monolithic Power Systems’s payout ratio is currently 66.95%.
Several brokerages have recently commented on MPWR. Loop Capital set a $180.00 target price on shares of Monolithic Power Systems and gave the company a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. ValuEngine lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Monolithic Power Systems presently has an average rating of “Buy” and an average price target of $154.43.
In related news, Director James C. Moyer sold 19,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $150.72, for a total transaction of $2,863,680.00. Following the completion of the transaction, the director now owns 418,260 shares in the company, valued at $63,040,147.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael Hsing sold 10,097 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $140.60, for a total transaction of $1,419,638.20. Following the transaction, the chief executive officer now owns 1,086,778 shares of the company’s stock, valued at approximately $152,800,986.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 242,959 shares of company stock valued at $36,758,293. 3.00% of the stock is owned by company insiders.
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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