4,552 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,552 shares of the semiconductor company's stock, valued at approximately $2,640,000.

A number of other large investors have also made changes to their positions in the company. Tradewinds Capital Management LLC lifted its position in shares of Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. increased its holdings in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 51 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $41,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MPWR. Stifel Nicolaus reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Wells Fargo & Company reduced their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Citigroup increased their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $786.92.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president now directly owns 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director now owns 676 shares of the company's stock, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR traded down $45.56 during mid-day trading on Friday, hitting $673.01. 1,027,854 shares of the stock were exchanged, compared to its average volume of 802,884. The company has a market cap of $32.22 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.19. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The firm has a 50-day moving average of $629.90 and a two-hundred day moving average of $620.27.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 EPS. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.93%. Monolithic Power Systems's payout ratio is 16.56%.

About Monolithic Power Systems

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.