Bridges Investment Management Inc. Acquires New Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bridges Investment Management Inc. acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 347 shares of the semiconductor company's stock, valued at approximately $201,000.

A number of other large investors have also modified their holdings of MPWR. Fourth Dimension Wealth LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. increased 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 buying an additional 51 shares during the last quarter. AlphaQuest LLC purchased a new stake in Monolithic Power Systems in the fourth quarter valued at $41,000. Global Financial Private Client LLC grew its holdings 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 worth $42,000 after purchasing an additional 53 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 2.0%

Shares of NASDAQ MPWR traded down $14.92 on Monday, reaching $721.14. 561,012 shares of the company traded hands, compared to its average volume of 841,896. The company has a 50 day moving average of $701.64 and a 200 day moving average of $638.40. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The stock has a market capitalization of $34.53 billion, a PE ratio of 19.14, a P/E/G ratio of 2.92 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results 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. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The company had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter last year, the business earned $2.81 EPS. Monolithic Power Systems's revenue for the quarter was up 39.2% on a year-over-year basis. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.56 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.87%. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Citigroup upped their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Stifel Nicolaus decreased their price target on shares of 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. KeyCorp upped their price objective on Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Raymond James Financial reaffirmed 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $799.42.

Insiders Place Their Bets

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president owned 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock worth $13,046,800 over the last quarter. 3.40% of the stock is owned by corporate insiders.

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.