Laurion Capital Management LP bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,088 shares of the semiconductor company’s stock, valued at approximately $279,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in Monolithic Power Systems in the second quarter valued at about $201,000. Eagle Boston Investment Management Inc. acquired a new position in Monolithic Power Systems during the second quarter worth about $216,000. Signition LP bought a new stake in shares of Monolithic Power Systems during the second quarter worth about $222,000. Triangle Securities Wealth Management bought a new stake in shares of Monolithic Power Systems during the second quarter worth about $224,000. Finally, Lido Advisors LLC bought a new stake in shares of Monolithic Power Systems during the first quarter worth about $226,000. 93.63% of the stock is owned by institutional investors.
MPWR has been the topic of several research reports. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Monday, October 8th. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 12th. Stifel Nicolaus upped their target price on Monolithic Power Systems from $147.00 to $155.00 and gave the company a “$141.80” rating in a report on Thursday, July 19th. Raymond James cut Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 target price on the stock. in a report on Tuesday, September 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $155.00 target price on shares of Monolithic Power Systems in a report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $155.38.
MPWR traded up $3.07 during trading on Friday, hitting $113.96. The company’s stock had a trading volume of 625,616 shares, compared to its average volume of 364,601. Monolithic Power Systems, Inc. has a twelve month low of $103.14 and a twelve month high of $152.21. The firm has a market cap of $5.31 billion, a PE ratio of 61.60, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.90. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The company had revenue of $139.76 million for the quarter, compared to analyst estimates of $139.45 million. During the same period in the prior year, the firm earned $0.68 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 2.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, September 27th. Monolithic Power Systems’s payout ratio is 64.86%.
In related news, CEO Michael Hsing sold 25,332 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $150.36, for a total value of $3,808,919.52. Following the completion of the sale, the chief executive officer now directly owns 1,090,037 shares of the company’s stock, valued at approximately $163,897,963.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction on Monday, October 8th. The shares were sold at an average price of $116.55, for a total value of $1,748,250.00. Following the completion of the transaction, the director now owns 611,815 shares of the company’s stock, valued at approximately $71,307,038.25. The disclosure for this sale can be found here. Insiders have sold 174,129 shares of company stock worth $24,183,574 over the last ninety days. 4.00% 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 for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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