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Parkside Financial Bank & Trust Buys 46 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Defense World · Sep 24, 2022 06:31

Parkside Financial Bank & Trust lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 102.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91 shares of the semiconductor company's stock after purchasing an additional 46 shares during the period. Parkside Financial Bank & Trust's holdings in Monolithic Power Systems were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank N A MO raised its stake in shares of Monolithic Power Systems by 8.6% during the 1st quarter. UMB Bank N A MO now owns 327 shares of the semiconductor company's stock worth $159,000 after purchasing an additional 26 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Monolithic Power Systems by 3.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 916 shares of the semiconductor company's stock worth $452,000 after purchasing an additional 27 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Monolithic Power Systems by 4.7% during the 1st quarter. OLD National Bancorp IN now owns 640 shares of the semiconductor company's stock worth $311,000 after purchasing an additional 29 shares in the last quarter. Exane Derivatives raised its stake in Monolithic Power Systems by 9.3% in the 1st quarter. Exane Derivatives now owns 353 shares of the semiconductor company's stock valued at $171,000 after acquiring an additional 30 shares during the period. Finally, Greenleaf Trust raised its stake in Monolithic Power Systems by 3.5% in the 1st quarter. Greenleaf Trust now owns 925 shares of the semiconductor company's stock valued at $449,000 after acquiring an additional 31 shares during the period. Institutional investors own 93.24% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently weighed in on MPWR. Raymond James dropped their price target on Monolithic Power Systems from $600.00 to $570.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 2nd. Needham & Company LLC increased their price target on Monolithic Power Systems from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Tuesday, August 2nd. Oppenheimer increased their price target on Monolithic Power Systems from $500.00 to $550.00 in a research note on Tuesday, August 2nd. Cowen increased their price target on Monolithic Power Systems from $550.00 to $600.00 and gave the company an "outperform" rating in a research note on Tuesday, August 2nd. Finally, KeyCorp increased their price objective on Monolithic Power Systems from $570.00 to $580.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $571.67.

Monolithic Power Systems Stock Performance

MPWR opened at $371.24 on Friday. The firm has a market cap of $17.37 billion, a P/E ratio of 53.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. Monolithic Power Systems, Inc. has a 52-week low of $348.02 and a 52-week high of $580.00. The business's fifty day moving average is $463.81 and its 200-day moving average is $438.15.

Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last released its earnings results on Monday, August 1st. The semiconductor company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.31. The company had revenue of $461.00 million for the quarter, compared to analyst estimates of $430.59 million. Monolithic Power Systems had a return on equity of 26.57% and a net margin of 22.40%. Monolithic Power Systems's quarterly revenue was up 57.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 EPS. On average, research analysts predict that Monolithic Power Systems, Inc. will post 9.59 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, September 29th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 43.04%.

Insider Transactions at Monolithic Power Systems

In related news, VP Maurice Sciammas sold 1,633 shares of the firm's stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $525.95, for a total value of $858,876.35. Following the sale, the vice president now directly owns 214,535 shares of the company's stock, valued at $112,834,683.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Deming Xiao sold 4,515 shares of the firm's stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $361.58, for a total value of $1,632,533.70. Following the sale, the insider now directly owns 282,074 shares of the company's stock, valued at $101,992,316.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Maurice Sciammas sold 1,633 shares of the firm's stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $525.95, for a total value of $858,876.35. Following the completion of the sale, the vice president now directly owns 214,535 shares in the company, valued at $112,834,683.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,482 shares of company stock valued at $16,926,370. 2.00% of the stock is owned by corporate insiders.

About Monolithic Power Systems

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Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.