Mutual of America Capital Management LLC Buys 61 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

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Mutual of America Capital Management LLC boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) by 0.8% in the first quarter, Holdings Channel.com reports. The fund owned 7,303 shares of the semiconductor company’s stock after buying an additional 61 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Monolithic Power Systems were worth $3,547,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MPWR. Quent Capital LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth $36,000. Sageworth Trust Co of South Dakota acquired a new stake in Monolithic Power Systems during the 4th quarter worth $43,000. Covestor Ltd acquired a new stake in Monolithic Power Systems during the 4th quarter worth $51,000. Pinebridge Investments L.P. acquired a new stake in Monolithic Power Systems during the 4th quarter worth $99,000. Finally, GraniteShares Advisors LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth $102,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MPWR shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Monolithic Power Systems from $500.00 to $475.00 in a report on Wednesday, July 20th. Truist Financial decreased their price target on shares of Monolithic Power Systems from $568.00 to $545.00 in a report on Friday, April 8th. StockNews.com started coverage on shares of Monolithic Power Systems in a report on Thursday, March 31st. They issued a “hold” rating for the company. KeyCorp boosted their price target on shares of Monolithic Power Systems from $520.00 to $570.00 in a report on Tuesday, May 3rd. Finally, Cowen set a $550.00 price target on shares of Monolithic Power Systems in a report on Tuesday, July 19th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $551.89.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $422.11 on Wednesday. The company’s 50-day moving average price is $414.86 and its two-hundred day moving average price is $424.63. Monolithic Power Systems, Inc. has a one year low of $348.02 and a one year high of $580.00. The stock has a market capitalization of $19.69 billion, a PE ratio of 73.28, a price-to-earnings-growth ratio of 2.00 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The semiconductor company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.62 by $0.03. Monolithic Power Systems had a net margin of 20.75% and a return on equity of 22.80%. The firm had revenue of $377.71 million for the quarter, compared to analysts’ expectations of $360.26 million. During the same period in the previous year, the firm posted $0.86 EPS. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 8.72 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. Monolithic Power Systems’s payout ratio is 52.08%.

Insider Activity

In other news, CFO Theodore Blegen sold 850 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $453.16, for a total value of $385,186.00. Following the sale, the chief financial officer now directly owns 131,388 shares of the company’s stock, valued at approximately $59,539,786.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Theodore Blegen sold 850 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $453.16, for a total value of $385,186.00. Following the sale, the chief financial officer now directly owns 131,388 shares of the company’s stock, valued at approximately $59,539,786.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Saria Tseng sold 986 shares of the stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $453.16, for a total transaction of $446,815.76. Following the completion of the transaction, the vice president now directly owns 270,178 shares in the company, valued at $122,433,862.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,901 shares of company stock valued at $10,376,133. 2.00% of the stock is owned by company insiders.

Monolithic Power Systems Company Profile

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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.

Further Reading

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