Archer Investment Corp Acquires New Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Archer Investment Corp purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 440 shares of the semiconductor company's stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MPWR. Brighton Jones LLC raised its holdings in shares of Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after purchasing an additional 200 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $41,000. Commonwealth Equity Services LLC grew its holdings in Monolithic Power Systems by 191.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,970 shares of the semiconductor company's stock worth $7,674,000 after acquiring an additional 8,516 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Monolithic Power Systems by 8.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 35,976 shares of the semiconductor company's stock valued at $21,323,000 after acquiring an additional 2,952 shares during the period. Finally, Royal London Asset Management Ltd. raised its holdings in shares of Monolithic Power Systems by 5.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 28,834 shares of the semiconductor company's stock valued at $17,061,000 after purchasing an additional 1,445 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

MPWR stock traded up $11.67 during midday trading on Friday, hitting $725.24. The stock had a trading volume of 432,635 shares, compared to its average volume of 804,390. The company's 50-day moving average price is $710.15 and its 200 day moving average price is $642.24. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The firm has a market cap of $34.72 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20.

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

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. 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 note on Thursday, April 17th. TD Cowen increased their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and set a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Needham & Company LLC reiterated a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, KeyCorp boosted their target price on Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $802.33.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 6,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 46,939 shares in the company, valued at $35,204,250. This represents a 11.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the transaction, the director owned 676 shares in the company, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,200 shares of company stock worth $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.