1,591 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,591 shares of the semiconductor company’s stock, valued at approximately $1,003,000.

Several other large investors have also recently added to or reduced their stakes in MPWR. Baader Bank Aktiengesellschaft raised its holdings in shares of Monolithic Power Systems by 0.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after acquiring an additional 14 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 15 shares in the last quarter. American National Bank increased its holdings in Monolithic Power Systems by 1.5% in the fourth quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock worth $669,000 after buying an additional 16 shares during the last quarter. Quadrant Capital Group LLC raised its position in Monolithic Power Systems by 4.3% during the fourth quarter. Quadrant Capital Group LLC now owns 463 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 19 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Monolithic Power Systems by 12.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MPWR shares. Oppenheimer raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday. KeyCorp boosted their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Truist Financial increased their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Finally, Wells Fargo & Company increased their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $766.00.

Monolithic Power Systems Stock Down 1.3 %

Monolithic Power Systems stock traded down $10.43 during trading hours on Friday, hitting $806.57. The stock had a trading volume of 299,808 shares, compared to its average volume of 422,431. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $822.48. The company has a market cap of $39.26 billion, a PE ratio of 96.13, a price-to-earnings-growth ratio of 4.17 and a beta of 1.13. The company has a 50-day moving average of $711.08 and a two-hundred day moving average of $671.14.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million during the quarter, compared to analyst estimates of $447.76 million. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 10.03 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a yield of 0.62%. Monolithic Power Systems’s payout ratio is currently 59.59%.

Insider Buying and Selling

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the sale, the chief executive officer now directly owns 880,408 shares of the company’s stock, valued at $643,648,680.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the transaction, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the completion of the transaction, the chief executive officer now owns 880,408 shares in the company, valued at $643,648,680.64. The disclosure for this sale can be found here. Insiders sold 46,046 shares of company stock valued at $31,842,373 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems 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.