Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in Monolithic Power Systems by 5.9%, holding a total of 9,464 shares valued at approximately $5,489,000 at the end of the most recent reporting period.
• Monolithic Power Systems reported an EPS of $4.21 for the last quarter, exceeding expectations of $4.12, with revenue growth of 31.0% year-over-year.
• The company announced a quarterly dividend of $1.56 per share, representing an annualized dividend yield of 0.8%.

Cetera Investment Advisers grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,464 shares of the semiconductor company's stock after purchasing an additional 526 shares during the period. Cetera Investment Advisers' holdings in Monolithic Power Systems were worth $5,489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MPWR. Brighton Jones LLC grew its holdings in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 200 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $454,000. Westpac Banking Corp purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $266,000. World Investment Advisors boosted its stake in shares of Monolithic Power Systems by 370.2% during the fourth quarter. World Investment Advisors now owns 3,865 shares of the semiconductor company's stock valued at $2,287,000 after purchasing an additional 3,043 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Monolithic Power Systems by 20.2% in the fourth quarter. Wells Fargo & Company MN now owns 69,376 shares of the semiconductor company's stock worth $41,050,000 after buying an additional 11,667 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred 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 of the company's stock, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have 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 Stock Up 5.7%

Shares of MPWR traded up $45.01 during trading hours on Monday, reaching $830.63. 1,360,386 shares of the company traded hands, compared to its average volume of 824,683. The business has a fifty day moving average price of $718.72 and a 200-day moving average price of $652.39. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The stock has a market capitalization of $39.77 billion, a P/E ratio of 21.63, a P/E/G ratio of 3.12 and a beta of 1.18.

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

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.25%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup lifted their price target on Monolithic Power Systems from $785.00 to $825.00 and gave the company a "buy" rating in a report on Monday. Oppenheimer reiterated an "outperform" rating and issued a $800.00 target price (up from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a report on Friday. TD Cowen boosted their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus price target of $838.09.

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.