8,437 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by BLB&B Advisors LLC

BLB&B Advisors LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,437 shares of the semiconductor company's stock, valued at approximately $4,893,000.

A number of other large investors also recently added to or reduced their stakes in the business. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems in the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. raised its holdings in shares of Monolithic Power Systems by 637.5% during 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. AlphaQuest LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $41,000. Finally, Global Financial Private Client LLC boosted its position in shares of Monolithic Power Systems by 265.0% during the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 53 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Up 2.1%

Shares of NASDAQ MPWR traded up $15.59 during midday trading on Tuesday, hitting $746.97. The company's stock had a trading volume of 587,147 shares, compared to its average volume of 800,011. The business's 50 day moving average is $670.78 and its two-hundred day moving average is $629.69. 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 $35.76 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 2.92 and a beta of 1.19.

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, topping the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period last year, the company earned $2.81 earnings per share. On average, analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $1.56 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.84%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MPWR shares. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus decreased their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Raymond James Financial reiterated an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen upped their price objective 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. Finally, Wells Fargo & Company raised their price objective on Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $789.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the firm'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 transaction, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $69,800.00. Following the transaction, the director owned 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock worth $8,546,800 over the last 90 days. Insiders own 3.40% of the company's stock.

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.