Ieq Capital LLC Buys 2,624 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Ieq Capital LLC raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 130.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,635 shares of the semiconductor company’s stock after buying an additional 2,624 shares during the quarter. Ieq Capital LLC’s holdings in Monolithic Power Systems were worth $1,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MPWR. Private Advisor Group LLC lifted its position in Monolithic Power Systems by 31.3% during the first quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock valued at $672,000 after buying an additional 330 shares during the period. Raymond James Trust N.A. lifted its position in Monolithic Power Systems by 5.4% during the first quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock valued at $930,000 after buying an additional 99 shares during the period. Cibc World Market Inc. lifted its position in Monolithic Power Systems by 1,624.0% during the first quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock valued at $3,492,000 after buying an additional 6,772 shares during the period. Blair William & Co. IL raised its position in shares of Monolithic Power Systems by 9.3% in the 1st quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock worth $5,019,000 after purchasing an additional 883 shares during the last quarter. Finally, Prudential PLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter worth about $439,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 3,790 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $343.98, for a total value of $1,303,684.20. Following the completion of the transaction, the chief executive officer now directly owns 1,002,093 shares in the company, valued at approximately $344,699,950.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Theodore Blegen sold 847 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $343.98, for a total transaction of $291,351.06. Following the sale, the chief financial officer now directly owns 125,074 shares of the company’s stock, valued at approximately $43,022,954.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Hsing sold 3,790 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $343.98, for a total value of $1,303,684.20. Following the sale, the chief executive officer now directly owns 1,002,093 shares in the company, valued at $344,699,950.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,306 shares of company stock worth $32,829,469. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MPWR shares. Cowen lowered their price target on Monolithic Power Systems from $600.00 to $425.00 in a research report on Friday, October 28th. StockNews.com started coverage on Monolithic Power Systems in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company started coverage on Monolithic Power Systems in a research report on Friday, November 11th. They issued an “overweight” rating and a $435.00 price target for the company. Credit Suisse Group started coverage on Monolithic Power Systems in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $475.00 price target for the company. Finally, Raymond James lowered their price target on Monolithic Power Systems from $570.00 to $400.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $445.30.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $419.13 on Wednesday. Monolithic Power Systems, Inc. has a fifty-two week low of $301.69 and a fifty-two week high of $541.39. The business has a 50-day simple moving average of $374.86 and a two-hundred day simple moving average of $400.91. The firm has a market cap of $19.67 billion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The semiconductor company reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.09). The firm had revenue of $495.42 million for the quarter, compared to the consensus estimate of $490.45 million. Monolithic Power Systems had a net margin of 23.42% and a return on equity of 29.06%. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 9.43 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, December 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.72%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 37.04%.

About Monolithic Power Systems

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications 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 and notebooks, monitors, infotainment applications, and medical equipment.