The company’s most recent 13F filing with the SEC revealed that the Teacher Retirement System of Texas increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.4% during the third quarter. The company has voluntarily provided us with this information. The institutional investor owns 97,080 shares of the semiconductor company, having purchased 1,355 shares over time. This brings the investor’s total number of shares to 97,080. The Teacher Retirement System of Texas owned Monolithic Power Systems valued at $35,279,000 at the end of the most recent quarter. This value corresponds to a 0.21% stake in the company.
Throughout the company’s history, several other well-known investors have bought and sold shares in the company at various points in time. Glassman Wealth Services successfully completed a 58.5% increase in its stake in Monolithic Power Systems during the second quarter. After buying an additional 24 shares over the past three months, Glassman Wealth Services now owns 65 shares of the semiconductor company. These stocks are worth a total of $25,000 thanks to Glassman Wealth Services. Achmea Investment Management BV spent approximately $27,000 in the first three months of 2018 to acquire a new interest in monolithic power systems. During the second quarter, Lindbrook Capital LLC successfully increased its ownership of Monolithic Power Systems stock by 75.6%. During the most recent quarter, Lindbrook Capital LLC increased its holdings of Semiconductor Business stock by 31 shares, bringing the total number of shares to 72 with a market value of $28,000. This brings the total value of Lindbrook Capital LLC’s stock holdings to $28,000. Heritage Wealth Management LLC made an investment of approximately $28,000 during the second quarter to purchase additional shares of Monolithic Power Systems.
Last but not least, Private Trust Co. NA increased its ownership interest in Monolithic Power Systems by 111.1% sequentially in the third quarter of this year. The shares of the semiconductor company, of which Private Trust Co. NA recently acquired 76 shares, bring the total value of those shares to $28,000. Private Trust Co. NA is now the proud owner of these shares. This follows the Company’s recent purchase of forty additional shares in the prior quarter. Various institutions own 96.42 percent of the company’s shares.
On the last trading day, November 4th, Vice President Saria Tseng sold 982 shares of the company. This was the latest news on the subject. The shares were sold on the open market for a total price of $337,788.36, which is equal to $343.98 per share divided by the number of shares sold. Upon completion of the transaction, the Vice President will hold a total of 256,096 shares of the Company, currently valued at approximately $88,091,902.08. The Securities and Exchange Commission has received legal documentation relating to the transaction, which can be viewed in full by following the link provided in the previous sentence. The documentation has been made available to the SEC. On the last trading day, November 4th, Vice President Saria Tseng sold 982 shares of the company. This was the latest news on the subject. The shares were sold on the open market for a total price of $337,788.36, which is equal to $343.98 per share divided by the number of shares sold. Upon completion of the transaction, the Vice President will hold a total of 256,096 shares of the Company, currently valued at approximately $88,091,902.08. The Securities and Exchange Commission has received legal documentation relating to the transaction, which can be viewed in full by following the link provided in the previous sentence.
The documentation has been made available to the SEC. In addition, on Friday, November 4, 3,790 shares of the Company’s shares were sold by the Company’s Chief Executive Officer, Michael Hsing. The sale of the shares generated total sales of $1,303,684.20, with each share generating a profit of $343.98. Following the successful completion of the Transaction, the Company’s Chief Executive Officer now directly owns 1,002,093 shares of the Company having an aggregate value of approximately $344,699,950.14. Disclosures related to sales may be found in this section of the website. Insiders were recently responsible for the sale of 88,306 company shares, resulting in total sales of $32,829,469. Persons employed by the company hold three percent of the total company shares.
Most of the recent analyst reports have focused on MPWR as the main topic of discussion. In a report published on Friday, October 28, Cowen announced that it would lower its price target on Monolithic Power Systems shares to $425.00 from $600.00. On the same day, KeyCorp lowered its price target on the company from $500 to $425 while listing the company as overweight. In a report published on Friday, October 28, Trust Financial lowered its buy rating and price target on shares of Monolithic Power Systems to $432.00 from $569.00. The target price was originally set at $569.00. In a report published on Friday, October, Oppenheimer lowered the “Outperform” rating it previously assigned to Monolithic Power Systems stock and lowered the price target previously assigned to the stock to $450.00 from $550.00. On October 12th, the day after the market opened, coverage of Monolithic Power Systems stock began on StockNews.com. This was the first trading day of the day. They recommended that shareholders “hold” their shares in the company. One industry expert has suggested investors keep their current stock holdings, while 11 other investors have suggested buying them instead. Bloomberg data shows that the stock currently has a consensus rating of Moderate Buy and that the price target is set at $435.20.
On Thursday, early in the afternoon session, MPWR stock fell $18.33 to end the day at $379.52. Compared to the typical trading volume of 482,044 shares, the total number of transactions in the company’s shares was 5,354. Monolithic Power Systems, Inc. bottomed at $301.69 last year while the company peaked at $541.39 last year. The current stock price of the company’s shares is $373.75, which is below the 200-day moving average price of $399.90. The company has a price-to-earnings multiple of 49.12, a price-to-earnings-growth ratio of 1.55 and a beta of 1.12, all of which contribute to its current market cap of $17.82 billion.
Monolithic Power Systems (NASDAQ:MPWR) released its latest quarterly earnings report to the public on Thursday, October 27th. This report has been released for inspection by investors. Earnings per share for the quarter that the semiconductor company reported were $2.64, down $0.09 from the $2.73 analysts had been expecting for those earnings. Monolithic Power Systems had a return on equity of 29.06 percent and the company’s net margin was 23.42 percent of its sales. The company’s actual revenue for the most recent quarter was $495.42 million, significantly higher than the median expectation of $490.45 million for this quarter’s revenue. The analysts covering the stock market expect Monolithic Power Systems, Inc. to post earnings of $9.43 per share for the current fiscal year.
The company recently announced and paid a quarterly dividend, which was paid on January 13 of this year. The company also recently announced and paid a dividend. Those shareholders who owned the company as of December 30 received a dividend payment of $0.75 per share. As a result, the investor receives a dividend payment of $3 per year and the investment returns 0.79%. Thursday December 29th was the day the dividend was paid; that day was also the month of December. Currently, Monolithic Power Systems has a dividend payout ratio of 37.04 percent.