JPMorgan Chase & Co. Sells 53,546 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

JPMorgan Chase & Co. lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 4.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,213,642 shares of the semiconductor company’s stock after selling 53,546 shares during the period. JPMorgan Chase & Co. owned about 2.53% of Monolithic Power Systems worth $560,703,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Parallel Advisors LLC grew its holdings in shares of Monolithic Power Systems by 9.3% in the second quarter. Parallel Advisors LLC now owns 234 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 20 shares in the last quarter. Heartland Bank & Trust Co grew its stake in shares of Monolithic Power Systems by 1.3% in the third quarter. Heartland Bank & Trust Co now owns 1,657 shares of the semiconductor company’s stock worth $766,000 after purchasing an additional 21 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Monolithic Power Systems by 5.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 451 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 24 shares in the last quarter. Polen Capital Management LLC raised its position in shares of Monolithic Power Systems by 1.0% in the 3rd quarter. Polen Capital Management LLC now owns 2,489 shares of the semiconductor company’s stock worth $1,150,000 after acquiring an additional 25 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of Monolithic Power Systems by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 5,010 shares of the semiconductor company’s stock worth $2,508,000 after buying an additional 27 shares during the last quarter. Institutional investors own 96.52% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $767.60 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $777.00. The firm has a market cap of $37.35 billion, a price-to-earnings ratio of 87.63, a PEG ratio of 3.85 and a beta of 1.25. The stock’s 50-day simple moving average is $659.84 and its 200-day simple moving average is $562.34.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 10.21 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.25 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 45.66%.

Insider Buying and Selling at Monolithic Power Systems

In other news, VP Saria Tseng sold 18,610 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $600.00, for a total value of $11,166,000.00. Following the completion of the sale, the vice president now owns 232,884 shares in the company, valued at $139,730,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Saria Tseng sold 18,610 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $600.00, for a total value of $11,166,000.00. Following the sale, the vice president now directly owns 232,884 shares of the company’s stock, valued at $139,730,400. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $726.08, for a total transaction of $5,808,640.00. Following the transaction, the chief executive officer now owns 907,232 shares of the company’s stock, valued at approximately $658,723,010.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,173 shares of company stock valued at $110,812,424. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. KeyCorp raised their target price on Monolithic Power Systems from $600.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Rosenblatt Securities upped their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Finally, TD Cowen boosted their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $668.30.

Read Our Latest Research Report on MPWR

Monolithic Power Systems Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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