Aaron Wealth Advisors LLC Makes New $279,000 Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Aaron Wealth Advisors LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 481 shares of the semiconductor company's stock, valued at approximately $279,000.

Several other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in Monolithic Power Systems by 13.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,719 shares of the semiconductor company's stock worth $2,157,000 after purchasing an additional 438 shares during the period. Praxis Investment Management Inc. purchased a new position in shares of Monolithic Power Systems in the 1st quarter valued at about $980,000. Boston Family Office LLC increased its holdings in shares of Monolithic Power Systems by 1,031.6% in the 4th quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock valued at $1,547,000 after purchasing an additional 2,383 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Monolithic Power Systems by 87.4% in the first quarter. Oppenheimer & Co. Inc. now owns 7,931 shares of the semiconductor company's stock valued at $4,600,000 after purchasing an additional 3,698 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Monolithic Power Systems by 9.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,774 shares of the semiconductor company's stock worth $43,361,000 after buying an additional 6,217 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

MPWR traded down $5.41 on Friday, reaching $758.99. 400,080 shares of the company's stock were exchanged, compared to its average volume of 802,654. The company has a market cap of $36.34 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 3.03 and a beta of 1.20. The company's 50 day moving average is $687.11 and its 200-day moving average is $633.23. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm's revenue was up 39.2% compared to the same quarter last year. During the same period last year, the company posted $2.81 earnings per share. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.82%. Monolithic Power Systems's payout ratio is currently 16.56%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Wells Fargo & Company raised their price target on Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. Raymond James Financial reaffirmed an "outperform" rating and set a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus target price of $789.42.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the transaction, the chief financial officer directly owned 46,939 shares in the company, valued at approximately $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director directly owned 676 shares of the company's stock, valued at approximately $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,200 shares of company stock valued at $13,046,800. Corporate insiders own 3.40% 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.