HL Financial Services LLC Acquires 3,421 Shares of Monolithic Power Systems Inc. (MPWR)
HL Financial Services LLC raised its stake in Monolithic Power Systems Inc. (NASDAQ:MPWR) by 8.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 42,297 shares of the company’s stock after buying an additional 3,421 shares during the period. HL Financial Services LLC owned approximately 0.10% of Monolithic Power Systems worth $2,890,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Adage Capital Partners GP L.L.C. boosted 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 valued at $81,655,000 after buying an additional 835,200 shares during the last quarter. Norges Bank purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $19,578,000. Renaissance Technologies LLC boosted its stake 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 in the last quarter. Summit Creek Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $13,447,000. Finally, Credit Agricole S A boosted its stake in shares of Monolithic Power Systems by 900.0% in the first quarter. Credit Agricole S A now owns 156,000 shares of the company’s stock worth $9,928,000 after buying an additional 140,400 shares in the last quarter. Institutional investors and hedge funds own 97.67% of the company’s stock.
Monolithic Power Systems Inc. (NASDAQ:MPWR) traded up 1.16% during mid-day trading on Wednesday, hitting $76.45. 208,267 shares of the stock were exchanged. The company has a market capitalization of $3.10 billion, a PE ratio of 73.58 and a beta of 1.58. Monolithic Power Systems Inc. has a 52 week low of $47.94 and a 52 week high of $78.45. The stock’s 50-day moving average is $74.97 and its 200 day moving average is $68.14.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.54 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.54. The business earned $94.10 million during the quarter, compared to analyst estimates of $93.08 million. Monolithic Power Systems had a net margin of 12.08% and a return on equity of 12.49%. Monolithic Power Systems’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. On average, analysts anticipate that Monolithic Power Systems Inc. will post $2.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.05%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 76.92%.
MPWR has been the subject of a number of recent analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Monday, June 6th. Zacks Investment Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, July 14th. Needham & Company LLC reiterated a “buy” rating and issued a $76.00 price target (up previously from $68.00) on shares of Monolithic Power Systems in a research note on Wednesday, July 27th. Finally, William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday, September 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $73.63.
In other news, VP Saria Tseng sold 5,653 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $75.25, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Deming Xiao sold 7,114 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $72.66, for a total transaction of $516,903.24. Following the completion of the sale, the insider now owns 284,286 shares of the company’s stock, valued at approximately $20,656,220.76. The disclosure for this sale can be found here. Company 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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