Simplex Trading LLC Buys New Holdings in Monolithic Power Systems, Inc. (MPWR)

Simplex Trading LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 914 shares of the semiconductor company’s stock, valued at approximately $102,000.

Several other hedge funds have also bought and sold shares of the stock. Hanseatic Management Services Inc. increased its holdings in shares of Monolithic Power Systems by 1.2% during the 2nd quarter. Hanseatic Management Services Inc. now owns 3,740 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 45 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Monolithic Power Systems by 4.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,392 shares of the semiconductor company’s stock valued at $231,000 after purchasing an additional 100 shares during the period. D.A. Davidson & CO. boosted its stake in Monolithic Power Systems by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 172 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Monolithic Power Systems by 2.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,867 shares of the semiconductor company’s stock valued at $1,433,000 after purchasing an additional 337 shares during the period. Finally, Amalgamated Bank boosted its stake in Monolithic Power Systems by 7.3% in the 2nd quarter. Amalgamated Bank now owns 5,717 shares of the semiconductor company’s stock valued at $551,000 after purchasing an additional 387 shares during the period. 93.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of Monolithic Power Systems, Inc. (MPWR) opened at $120.02 on Thursday. The firm has a market capitalization of $5,000.00, a price-to-earnings ratio of 74.09, a PEG ratio of 2.60 and a beta of 1.26. Monolithic Power Systems, Inc. has a 1 year low of $84.45 and a 1 year high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The company had revenue of $128.90 million during the quarter, compared to analysts’ expectations of $126.11 million. During the same quarter in the previous year, the firm earned $0.66 EPS. Monolithic Power Systems’s revenue was up 21.0% on a year-over-year basis. equities analysts expect that Monolithic Power Systems, Inc. will post 1.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.67%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.38%.

In other news, VP Maurice Sciammas sold 1,693 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $114.66, for a total transaction of $194,119.38. Following the completion of the transaction, the vice president now owns 360,395 shares of the company’s stock, valued at approximately $41,322,890.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $113.70, for a total value of $1,705,500.00. Following the transaction, the director now directly owns 720,225 shares of the company’s stock, valued at approximately $81,889,582.50. The disclosure for this sale can be found here. Insiders have sold a total of 82,994 shares of company stock valued at $10,010,168 in the last three months. 4.00% of the stock is owned by insiders.

A number of analysts have recently weighed in on the company. SunTrust Banks assumed coverage on Monolithic Power Systems in a research report on Tuesday, October 10th. They set a “buy” rating and a $132.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 target price on shares of Monolithic Power Systems in a research report on Wednesday, October 4th. BidaskClub upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, KeyCorp reiterated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a research report on Friday, October 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Monolithic Power Systems presently has an average rating of “Buy” and an average target price of $129.25.

WARNING: This piece was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2018/01/11/simplex-trading-llc-buys-new-holdings-in-monolithic-power-systems-inc-mpwr.html.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply