Artisan Partners Limited Partnership Grows Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)
Artisan Partners Limited Partnership raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,287 shares of the semiconductor company’s stock after purchasing an additional 32,813 shares during the quarter. Artisan Partners Limited Partnership owned 0.46% of Monolithic Power Systems worth $25,970,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of MPWR. Engineers Gate Manager LP purchased a new position in shares of Monolithic Power Systems during the second quarter valued at $201,000. Campbell & CO Investment Adviser LLC purchased a new position in Monolithic Power Systems in the first quarter valued at about $206,000. Eagle Boston Investment Management Inc. purchased a new position in Monolithic Power Systems in the second quarter valued at about $216,000. Signition LP bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $222,000. Finally, Triangle Securities Wealth Management bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $224,000. Institutional investors own 93.67% of the company’s stock.
Shares of NASDAQ MPWR traded up $1.43 during midday trading on Friday, reaching $138.21. The company’s stock had a trading volume of 681,796 shares, compared to its average volume of 258,594. Monolithic Power Systems, Inc. has a fifty-two week low of $100.26 and a fifty-two week high of $152.21. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 74.71, a PEG ratio of 2.31 and a beta of 1.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 28th will be paid a $0.30 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.20 annualized dividend and a dividend yield of 0.87%. Monolithic Power Systems’s dividend payout ratio is 64.86%.
In other Monolithic Power Systems news, insider Deming Xiao sold 1,710 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $135.99, for a total transaction of $232,542.90. Following the sale, the insider now owns 326,720 shares of the company’s stock, valued at $44,430,652.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 181 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $139.96, for a total transaction of $25,332.76. Following the transaction, the chief financial officer now owns 56,125 shares in the company, valued at approximately $7,855,255. The disclosure for this sale can be found here. In the last three months, insiders sold 178,259 shares of company stock worth $25,151,897. 4.00% of the stock is currently owned by insiders.
MPWR has been the subject of several research analyst reports. KeyCorp boosted their price objective on Monolithic Power Systems from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 29th. Needham & Company LLC increased their target price on Monolithic Power Systems from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Deutsche Bank increased their price objective on Monolithic Power Systems from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Oppenheimer increased their price target on Monolithic Power Systems from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, June 11th. Finally, Stifel Nicolaus raised their price objective on Monolithic Power Systems from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, June 8th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $150.56.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications 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, monitors, automobiles, and medical equipment.
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