Telemus Capital LLC, a leading investment firm, has recently increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR). According to the company’s latest Form 13F filing with the Securities and Exchange Commission, Telemus Capital LLC now owns 875 shares of the semiconductor company’s stock. This represents a significant increase of 45.8% as the company had bought an additional 275 shares during the second quarter. The current value of their holdings is estimated to be around $473,000.
Monolithic Power Systems (NASDAQ:MPWR) released its quarterly earnings data on July 31st. The semiconductor company reported earnings per share of $2.05 for the quarter, falling short of analysts’ consensus estimate of $2.16 by ($0.11). However, it achieved revenue of $441.13 million during the same period, slightly surpassing the consensus estimate of $440.46 million. Monolithic Power Systems has demonstrated a return on equity of 26.80% and a net margin of 24.50%.
Industry analysts have been evaluating Monolithic Power Systems’ performance and outlook in recent reports and research notes. StockNews.com initiated coverage on the company in August and assigned a “hold” rating. On the other hand, Needham & Company LLC raised their price objective from $500 to $575 and gave Monolithic Power Systems a “buy” rating in their research report in early August.
Wolfe Research also initiated coverage on Monolithic Power Systems recently, providing a “market perform” rating for the company’s stock. Yet another positive recommendation came from Stifel Nicolaus which increased their price objective from $540 to $600 and assigned Monolithic Power Systems with a “buy” rating in July.
In addition to these reports, Rosenblatt Securities raised their price objective from $540 to $580 for Monolithic Power Systems in August. Overall, the majority of analysts have given the stock a buy rating. Based on data from Bloomberg.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $553.46.
As September 18, 2023, marks the reference date for this article, it is important to note that these ratings and recommendations are subject to change over time. Investors should conduct their own due diligence and consult with financial professionals before making any investment decisions involving Monolithic Power Systems or any other company.
Updated on: 29/09/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Sell
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Investors Show Strong Interest in Monolithic Power Systems as Major Stakeholders Increase Positions
Monolithic Power Systems, a semiconductor company, has attracted the attention of several large investors who have either increased or decreased their stakes in the stock. Among them is Vanguard Group Inc., which raised its stake by 1.6% in the first quarter. Currently, Vanguard Group owns 4,872,963 shares of Monolithic Power Systems’ stock, valued at $2.36 billion after purchasing an additional 78,909 shares in the last quarter.
Price T Rowe Associates Inc. MD also raised its stake in Monolithic Power Systems by an impressive 109.4% in the fourth quarter. The investment firm now owns 3,651,445 shares worth $1.29 billion after purchasing an additional 1,907,764 shares in the last quarter.
State Street Corp increased its stake by 3.0% during the first quarter and now holds 1,811,967 shares of Monolithic Power Systems’ stock valued at $908 million after purchasing an additional 53,355 shares.
Furthermore, FMR LLC raised its stake by 20% during the first quarter and currently owns 1,757,149 shares worth $879 million after purchasing an additional 293,326 shares.
Finally, Franklin Resources Inc. increased its stake by 1.9% during the first quarter and now holds 1,707,607 shares valued at $854 million after acquiring an additional 32,399 shares.
These investments signify a strong interest from institutional investors who collectively own around 96.52% of Monolithic Power Systems’ stock.
In other news related to the company’s management personnel, VP Maurice Sciammas sold 9,843 shares on Friday July 21st for approximately $5.26 million with each share being sold at an average price of $534.23. Following this transaction Sciammas now possesses a total of 190,201 shares with a market value of approximately $101.61 million.
CEO Michael Hsing also sold 28,845 shares of Monolithic Power Systems’ stock for a total value of $15.41 million on the same day as Sciammas’ transaction. Hsing now holds 1,020,602 shares with an estimated value of $545.24 million.
The disclosure filed with the SEC contains further details regarding these transactions.
In the past 90 days, insiders at Monolithic Power Systems have sold a total of 82,637 shares valued at around $44.13 million. The company’s executives have a total ownership stake of 3.20%.
Considering the latest developments of Monolithic Power Systems’ stock, NASDAQ:MPWR opened at $464.23 on Monday and it currently has a 50-day simple moving average of $522.79 and a two-hundred day simple moving average of $497.02.
Monolithic Power Systems has experienced significant growth; it reached its 52-week low in the market at $301.69 and hit its peak at $595.98 within the same period.
With a market capitalization standing at approximately $22.19 billion, the company’s price-to-earnings (P/E) ratio is calculated to be 49.81 and exhibits a P/E to growth (PEG) ratio of 2.89 – indicating positive prospects for future growth.
Monolithic Power Systems has also boasted a beta factor reading of 1.13 which suggests that its stock is moderately more volatile compared to the overall market.
These analytics provide investors with insights into Monolithic Power Systems’ performance and position in the industry when making investment decisions.