Cerity Partners LLC Purchases 1,083 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cerity Partners LLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 29.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,743 shares of the semiconductor company's stock after buying an additional 1,083 shares during the period. Cerity Partners LLC's holdings in Monolithic Power Systems were worth $2,751,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after purchasing an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after buying an additional 214,395 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Monolithic Power Systems by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after purchasing an additional 31,295 shares during the period. Invesco Ltd. boosted its holdings in shares of Monolithic Power Systems by 7.5% in the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after purchasing an additional 81,412 shares during the period. Finally, Brown Advisory Inc. raised its stake in Monolithic Power Systems by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after buying an additional 5,274 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 6,000 shares of the company's 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 transaction, the chief financial officer owned 46,939 shares in the company, valued at approximately $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 the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company's 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 completion of the transaction, the executive vice president owned 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,200 shares of company stock valued at $13,046,800. Company insiders own 3.40% 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 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. 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.

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 company had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The company's revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Analyst Ratings Changes

Several brokerages have weighed in on MPWR. Citigroup increased their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Wells Fargo & Company increased their price target on Monolithic Power Systems from $695.00 to $730.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, KeyCorp raised their target price on Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus price target of $802.33.

Monolithic Power Systems 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.