590 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Trilogy Capital Inc.

Trilogy Capital Inc. acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 590 shares of the semiconductor company’s stock, valued at approximately $400,000.

A number of other hedge funds have also recently added to or reduced their stakes in MPWR. Weiss Asset Management LP bought a new stake in Monolithic Power Systems during the fourth quarter worth approximately $1,899,000. Cim LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth approximately $2,197,000. Adage Capital Partners GP L.L.C. boosted its position in Monolithic Power Systems by 36.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock worth $21,945,000 after purchasing an additional 12,600 shares during the period. Zevenbergen Capital Investments LLC boosted its position in shares of Monolithic Power Systems by 3.0% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 53,118 shares of the semiconductor company’s stock valued at $33,506,000 after acquiring an additional 1,560 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Monolithic Power Systems by 199.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock valued at $2,772,000 after acquiring an additional 2,925 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. KeyCorp increased their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Oppenheimer raised their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Finally, Truist Financial raised their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.00.

Monolithic Power Systems Stock Up 1.5 %

Monolithic Power Systems stock traded up $12.21 during mid-day trading on Friday, hitting $821.68. 721,768 shares of the company were exchanged, compared to its average volume of 470,531. The business has a fifty day moving average of $745.61 and a 200 day moving average of $689.26. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $856.30. The company has a market capitalization of $40.00 billion, a PE ratio of 97.94, a price-to-earnings-growth ratio of 4.11 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share 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 company had revenue of $457.89 million during the quarter, compared to analyst estimates of $447.76 million. Research analysts expect that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders 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 dividend yield of 0.61%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Activity

In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $677.44, for a total value of $5,419,520.00. Following the completion of the sale, the chief executive officer now directly owns 899,232 shares in the company, valued at $609,175,726.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the completion of the transaction, the chief executive officer now owns 899,232 shares in the company, valued at $609,175,726.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,046 shares of company stock worth $31,842,373. 3.20% of the stock is owned by corporate 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.