Sagespring Wealth Partners LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 33.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 500 shares of the semiconductor company’s stock after purchasing an additional 126 shares during the period. Sagespring Wealth Partners LLC’s holdings in Monolithic Power Systems were worth $365,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in MPWR. Wealth Enhancement Advisory Services LLC grew its holdings in Monolithic Power Systems by 13.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,719 shares of the semiconductor company’s stock valued at $2,157,000 after buying an additional 438 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Monolithic Power Systems in the first quarter valued at approximately $204,000. Praxis Investment Management Inc. acquired a new stake in shares of Monolithic Power Systems in the first quarter worth $980,000. Jackson Wealth Management LLC grew its stake in shares of Monolithic Power Systems by 29.5% in the first quarter. Jackson Wealth Management LLC now owns 2,896 shares of the semiconductor company’s stock worth $1,680,000 after acquiring an additional 659 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in Monolithic Power Systems by 52.6% during the first quarter. DAVENPORT & Co LLC now owns 653 shares of the semiconductor company’s stock worth $379,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.
Monolithic Power Systems Stock Performance
Shares of MPWR stock opened at $1,004.65 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,041.50. The stock has a market cap of $48.11 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 3.83 and a beta of 1.27. The firm has a fifty day moving average of $886.92 and a 200-day moving average of $743.66.
Monolithic Power Systems Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.25%.
Analyst Ratings Changes
A number of brokerages have weighed in on MPWR. William Blair raised shares of Monolithic Power Systems to a “strong-buy” rating in a report on Wednesday, August 13th. KeyCorp upped their price objective on shares of Monolithic Power Systems from $950.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Oppenheimer reissued an “outperform” rating and set a $800.00 target price (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Citigroup boosted their price target on Monolithic Power Systems from $825.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Loop Capital upped their price target on Monolithic Power Systems from $760.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $925.00.
Check Out Our Latest Stock Analysis on MPWR
Insider Buying and Selling
In other Monolithic Power Systems news, Director Carintia Martinez sold 1,400 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $900.00, for a total value of $1,260,000.00. Following the sale, the director directly owned 878 shares in the company, valued at $790,200. This represents a 61.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeff Zhou sold 193 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $870.00, for a total value of $167,910.00. Following the transaction, the director owned 5,611 shares of the company’s stock, valued at $4,881,570. This represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,542 shares of company stock worth $70,973,777 in the last quarter. Corporate insiders own 3.40% of the company’s stock.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.
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