BlackRock Advisors LLC Has $11,197,000 Stake in Monolithic Power Systems Inc. (MPWR)
BlackRock Advisors LLC increased its stake in Monolithic Power Systems Inc. (NASDAQ:MPWR) by 826.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,884 shares of the company’s stock after buying an additional 146,186 shares during the period. BlackRock Advisors LLC owned about 0.40% of Monolithic Power Systems worth $11,197,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Monolithic Power Systems by 3.7% in the second quarter. Vanguard Group Inc. now owns 2,924,903 shares of the company’s stock valued at $199,829,000 after buying an additional 105,377 shares during the period. BlackRock Fund Advisors increased its position in shares of Monolithic Power Systems by 1.5% in the first quarter. BlackRock Fund Advisors now owns 2,398,306 shares of the company’s stock worth $152,628,000 after buying an additional 35,090 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Monolithic Power Systems by 186.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,283,076 shares of the company’s stock worth $81,655,000 after buying an additional 835,200 shares during the last quarter. State Street Corp increased its position in shares of Monolithic Power Systems by 1.4% in the first quarter. State Street Corp now owns 848,092 shares of the company’s stock worth $53,969,000 after buying an additional 11,822 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Monolithic Power Systems by 57.2% in the first quarter. Renaissance Technologies LLC now owns 693,286 shares of the company’s stock worth $44,121,000 after buying an additional 252,200 shares during the last quarter. 97.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) opened at 80.27 on Friday. The stock has a market cap of $3.25 billion, a PE ratio of 77.26 and a beta of 1.44. Monolithic Power Systems Inc. has a 52-week low of $54.47 and a 52-week high of $80.94. The company’s 50-day moving average price is $76.84 and its 200-day moving average price is $69.66.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. The business had revenue of $94.10 million for the quarter, compared to the consensus estimate of $93.08 million. During the same period last year, the business posted $0.46 EPS. The business’s revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts forecast that Monolithic Power Systems Inc. will post $2.26 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.00%. Monolithic Power Systems’s dividend payout ratio is presently 76.92%.
A number of brokerages have recently issued reports on MPWR. Needham & Company LLC reaffirmed a “buy” rating and set a $87.00 price target (up from $76.00) on shares of Monolithic Power Systems in a report on Thursday, September 22nd. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a report on Monday, September 12th. Stifel Nicolaus upped their price target on Monolithic Power Systems from $75.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, July 14th. Finally, Zacks Investment Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $75.00.
In other news, CEO Michael Hsing sold 21,094 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $72.66, for a total value of $1,532,690.04. Following the completion of the sale, the chief executive officer now owns 1,208,497 shares of the company’s stock, valued at approximately $87,809,392.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Saria Tseng sold 6,320 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $72.66, for a total value of $459,211.20. Following the completion of the sale, the vice president now directly owns 280,056 shares of the company’s stock, valued at approximately $20,348,868.96. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.
About Monolithic Power Systems
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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