Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 30.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,152 shares of the semiconductor company’s stock after buying an additional 973 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Monolithic Power Systems were worth $2,813,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MPWR. Arlington Trust Co LLC raised its position in Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 23 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $43,000. EverSource Wealth Advisors LLC boosted its position in Monolithic Power Systems by 23.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 15 shares during the last quarter. Lindbrook Capital LLC boosted its position in Monolithic Power Systems by 137.0% during the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 63 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in Monolithic Power Systems by 145.8% during the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 70 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 analysts recently issued reports on MPWR shares. Needham & Company LLC restated a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Oppenheimer raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. KeyCorp lifted their price target on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Truist Financial lifted their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $766.00.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $0.41 during midday trading on Friday, hitting $839.63. 69,051 shares of the company’s stock traded hands, compared to its average volume of 515,555. The company has a market cap of $40.87 billion, a PE ratio of 100.03, a P/E/G ratio of 4.19 and a beta of 1.11. The firm’s fifty day moving average price is $761.85 and its two-hundred day moving average price is $694.52. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The business had revenue of $457.89 million for the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Insider Buying and Selling

In related news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction on Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the sale, the director now owns 29,232 shares of the company’s stock, valued at approximately $23,983,686.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the sale, the director now owns 29,232 shares in the company, valued at approximately $23,983,686.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the company’s 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 sale, the executive vice president now owns 130,744 shares in the company, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Insiders have sold 81,311 shares of company stock valued at $61,382,161 in the last quarter. Company insiders own 3.20% of the company’s stock.

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.