Amalgamated Bank Has $8.49 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Amalgamated Bank increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,329 shares of the semiconductor company’s stock after buying an additional 38 shares during the period. Amalgamated Bank’s holdings in Monolithic Power Systems were worth $8,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $25,000. RiverPark Advisors LLC acquired a new position in Monolithic Power Systems during the first quarter worth approximately $27,000. Atwood & Palmer Inc. bought a new stake in Monolithic Power Systems in the second quarter valued at approximately $33,000. Crewe Advisors LLC lifted its position in shares of Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $36,000. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MPWR. KeyCorp increased their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday. Raymond James upped their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Truist Financial raised their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $912.30.

Monolithic Power Systems Trading Down 0.8 %

NASDAQ MPWR opened at $860.66 on Thursday. The company has a market cap of $41.90 billion, a price-to-earnings ratio of 102.58, a PEG ratio of 4.14 and a beta of 1.12. The company has a 50 day moving average of $859.73 and a 200-day moving average of $774.23. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.58%. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the sale, the chief financial officer now directly owns 64,178 shares of the company’s stock, valued at $49,955,513.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. The disclosure for this sale can be found here. Insiders have sold a total of 98,299 shares of company stock valued at $83,140,933 in the last ninety days. 3.20% of the stock is currently owned by company insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.