First Trust Advisors LP Buys 2,616 Shares of Monolithic Power Systems Inc. (MPWR)
First Trust Advisors LP increased its stake in Monolithic Power Systems Inc. (NASDAQ:MPWR) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,559 shares of the company’s stock after buying an additional 2,616 shares during the period. First Trust Advisors LP owned approximately 0.09% of Monolithic Power Systems worth $2,429,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Monolithic Power Systems during the fourth quarter valued at about $19,578,000. Moody Aldrich Partners LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter worth about $313,000. Aperio Group LLC increased its stake in shares of Monolithic Power Systems by 16.7% in the first quarter. Aperio Group LLC now owns 12,465 shares of the company’s stock worth $793,000 after buying an additional 1,786 shares during the period. Icon Advisers Inc. Co. acquired a new stake in shares of Monolithic Power Systems during the first quarter worth about $1,483,000. Finally, Prudential Financial Inc. increased its stake in shares of Monolithic Power Systems by 10.5% in the first quarter. Prudential Financial Inc. now owns 93,854 shares of the company’s stock worth $5,973,000 after buying an additional 8,897 shares during the period. Hedge funds and other institutional investors own 97.67% of the company’s stock.
Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) traded up 1.16% on Wednesday, hitting $76.45. The stock had a trading volume of 208,267 shares. The company has a 50 day moving average price of $74.82 and a 200-day moving average price of $68.08. Monolithic Power Systems Inc. has a 12 month low of $47.94 and a 12 month high of $78.45. The stock has a market cap of $3.10 billion, a PE ratio of 73.58 and a beta of 1.58.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Monolithic Power Systems had a net margin of 12.08% and a return on equity of 12.49%. The firm earned $94.10 million during the quarter, compared to the consensus estimate of $93.08 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems Inc. will post $2.26 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Wednesday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 76.92%.
A number of brokerages recently issued reports on MPWR. Needham & Company LLC reiterated a “buy” rating and issued a $76.00 price objective (up previously from $68.00) on shares of Monolithic Power Systems in a research report on Wednesday, July 27th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Monday, September 12th. Zacks Investment Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, July 14th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Monday, June 6th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $73.63.
In other Monolithic Power Systems news, CEO Michael Hsing sold 21,094 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $72.66, for a total value of $1,532,690.04. Following the sale, the chief executive officer now owns 1,208,497 shares in the company, valued at approximately $87,809,392.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Saria Tseng sold 5,653 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $75.25, for a total transaction of $425,388.25. Following the completion of the sale, the vice president now owns 274,112 shares in the company, valued at approximately $20,626,928. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.
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