Monolithic Power Systems, Inc. (NASDAQ:MPWR) Holdings Boosted by Amalgamated Bank

Amalgamated Bank lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 6.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,998 shares of the semiconductor company’s stock after purchasing an additional 829 shares during the quarter. Amalgamated Bank’s holdings in Monolithic Power Systems were worth $6,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MPWR. Moneta Group Investment Advisors LLC boosted its position in Monolithic Power Systems by 140,338.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock worth $362,025,000 after purchasing an additional 1,023,068 shares during the period. Norges Bank bought a new stake in Monolithic Power Systems during the 4th quarter valued at approximately $150,233,000. Winslow Capital Management LLC acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at approximately $225,731,000. JPMorgan Chase & Co. increased its position in Monolithic Power Systems by 70.4% in the 1st quarter. JPMorgan Chase & Co. now owns 671,820 shares of the semiconductor company’s stock worth $336,272,000 after buying an additional 277,563 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Monolithic Power Systems by 5.0% during the second quarter. BlackRock Inc. now owns 5,431,454 shares of the semiconductor company’s stock worth $2,934,234,000 after buying an additional 257,328 shares during the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.

Monolithic Power Systems Trading Down 2.0 %

NASDAQ MPWR opened at $632.98 on Wednesday. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $652.86. The firm has a market capitalization of $30.35 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 6.00 and a beta of 1.22. The firm’s 50 day simple moving average is $604.17 and its 200 day simple moving average is $531.94.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, December 28th. Monolithic Power Systems’s payout ratio is presently 43.34%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $631.36, for a total transaction of $1,578,400.00. Following the completion of the transaction, the chief financial officer now owns 117,381 shares in the company, valued at approximately $74,109,668.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Michael Hsing sold 8,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the transaction, the chief executive officer now owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $631.36, for a total value of $1,578,400.00. Following the completion of the sale, the chief financial officer now owns 117,381 shares of the company’s stock, valued at $74,109,668.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 173,496 shares of company stock worth $101,797,797. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC cut their price target on shares of Monolithic Power Systems from $575.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Truist Financial reduced their target price on Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Finally, Rosenblatt Securities raised their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $581.92.

Read Our Latest Analysis on MPWR

Monolithic Power Systems 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

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

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