Chicago Partners Investment Group LLC Invests $253,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Chicago Partners Investment Group LLC purchased a new stake of 397 shares in Monolithic Power Systems, valued at approximately $253,000, as part of their Q1 investment strategy.
• Insiders have sold a total of 48,999 shares of Monolithic Power Systems stock valued at $37,949,220 over the last three months, indicating significant activity at the executive level.
• The stock's market cap is reported at $38.19 billion, with recent earnings showing a 31% year-over-year revenue increase, and an EPS of $4.21 for the last quarter, exceeding estimates.

Chicago Partners Investment Group LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 397 shares of the semiconductor company's stock, valued at approximately $253,000.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Monolithic Power Systems by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 335,986 shares of the semiconductor company's stock valued at $194,865,000 after purchasing an additional 10,163 shares during the period. ASR Vermogensbeheer N.V. purchased a new stake in shares of Monolithic Power Systems in the first quarter valued at about $1,260,000. Citizens Financial Group Inc. RI grew its holdings in shares of Monolithic Power Systems by 82.1% in the first quarter. Citizens Financial Group Inc. RI now owns 681 shares of the semiconductor company's stock valued at $396,000 after purchasing an additional 307 shares during the period. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 1.7% in the first quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company's stock valued at $3,433,870,000 after purchasing an additional 96,395 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Monolithic Power Systems by 26.2% in the first quarter. Atria Wealth Solutions Inc. now owns 2,269 shares of the semiconductor company's stock valued at $1,318,000 after purchasing an additional 471 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of analyst reports. KeyCorp upped their price objective on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Oppenheimer reissued an "outperform" rating and issued a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, August 1st. Finally, Citigroup reaffirmed a "buy" rating and issued a $825.00 target price (up previously from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $838.09.

Monolithic Power Systems Stock Down 2.5%

Monolithic Power Systems stock traded down $20.85 during mid-day trading on Friday, hitting $827.97. The company had a trading volume of 230,830 shares, compared to its average volume of 809,320. The stock has a market cap of $39.65 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 3.21 and a beta of 1.18. The business has a fifty day moving average of $741.32 and a 200 day moving average of $661.51. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.12 by $0.09. The business had revenue of $664.57 million for the quarter, compared to analyst estimates 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 period last year, the firm posted $3.17 earnings per share. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $830.00, for a total transaction of $166,000.00. Following the sale, the director directly owned 6,204 shares in the company, valued at approximately $5,149,320. The trade was a 3.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the transaction, the chief financial officer directly owned 46,939 shares of the company's stock, valued at $35,204,250. This trade represents a 11.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,199 shares of company stock worth $38,115,220. Insiders own 3.40% of the company's stock.

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.