Monolithic Power Systems, Inc. $MPWR Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

by · The Cerbat Gem

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 37.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 90,070 shares of the semiconductor company’s stock after purchasing an additional 24,657 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Monolithic Power Systems were worth $81,636,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. True Wealth Design LLC increased its holdings in Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after buying an additional 27 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $34,000. Finally, IFP Advisors Inc increased its holdings in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday. Truist Financial raised their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. KeyCorp lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Weiss Ratings lowered shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $1,235.08.

Get Our Latest Report on MPWR

Insider Buying and Selling

In other news, Director Victor K. Lee sold 400 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the sale, the director owned 27,756 shares of the company’s stock, valued at $33,644,712.96. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $1,116.44, for a total value of $33,493.20. Following the sale, the executive vice president owned 1,239 shares of the company’s stock, valued at $1,383,269.16. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 137,683 shares of company stock valued at $158,138,447. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,468.35 on Monday. The stock has a market cap of $72.12 billion, a price-to-earnings ratio of 115.26, a PEG ratio of 3.72 and a beta of 1.48. Monolithic Power Systems, Inc. has a 1 year low of $496.40 and a 1 year high of $1,479.23. The business has a fifty day moving average of $1,160.18 and a 200-day moving average of $1,049.24.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same period in the previous year, the firm earned $4.09 EPS. Monolithic Power Systems’s revenue was up 20.8% on a year-over-year basis. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is 62.79%.

Monolithic Power Systems Company Profile

(Free Report)

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

See Also

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