Benjamin Edwards Inc. Boosts Holdings in Monolithic Power Systems, Inc. $MPWR

Benjamin Edwards Inc. increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 48.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,487 shares of the semiconductor company's stock after buying an additional 486 shares during the period. Benjamin Edwards Inc.'s holdings in Monolithic Power Systems were worth $863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of 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 valued at $2,157,000 after buying an additional 438 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in Monolithic Power Systems during the 1st quarter valued at about $204,000. Praxis Investment Management Inc. acquired a new stake in shares of Monolithic Power Systems in the 1st quarter worth approximately $980,000. Jackson Wealth Management LLC lifted its stake in shares of Monolithic Power Systems by 29.5% in the 1st quarter. Jackson Wealth Management LLC now owns 2,896 shares of the semiconductor company's stock worth $1,680,000 after acquiring an additional 659 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in Monolithic Power Systems by 52.6% during the first quarter. DAVENPORT & Co LLC now owns 653 shares of the semiconductor company's stock valued at $379,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity

In related news, Director Jeff Zhou sold 400 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $850.00, for a total transaction of $340,000.00. Following the completion of the transaction, the director directly owned 5,804 shares in the company, valued at $4,933,400. This represents a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of the firm'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 sale, the chief financial officer directly owned 46,939 shares in the company, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,599 shares of company stock worth $38,455,220. 3.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a report on Friday, August 1st. KeyCorp raised their price objective on Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Oppenheimer reiterated an "outperform" rating and issued a $800.00 target price (up from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, August 1st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $838.09.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock traded up $15.19 during mid-day trading on Monday, reaching $841.66. The company's stock had a trading volume of 171,472 shares, compared to its average volume of 807,371. The company has a market capitalization of $40.31 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 3.08 and a beta of 1.18. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The business's 50 day simple moving average is $744.11 and its 200 day simple moving average is $663.44.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.09. The firm had revenue of $664.57 million during the quarter, compared to analysts' expectations of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The company's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.17 earnings per share. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $1.56 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems's payout ratio is presently 16.25%.

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.