Clarius Group LLC Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Clarius Group LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 475 shares of the semiconductor company's stock, valued at approximately $275,000.

A number of other large investors also recently modified their holdings of MPWR. Avantax Advisory Services Inc. grew its position in shares of Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after buying an additional 14 shares during the last quarter. WP Advisors LLC grew its position in shares of Monolithic Power Systems by 3.2% in the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock valued at $309,000 after buying an additional 16 shares during the last quarter. Allworth Financial LP grew its position in shares of Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after buying an additional 16 shares during the last quarter. Keybank National Association OH grew its position in shares of Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after buying an additional 22 shares during the last quarter. Finally, Truvestments Capital LLC grew its position in shares of Monolithic Power Systems by 5.0% in the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock valued at $273,000 after buying an additional 22 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Up 1.0%

Shares of NASDAQ:MPWR traded up $6.72 during midday trading on Monday, hitting $692.62. The stock had a trading volume of 404,213 shares, compared to its average volume of 801,621. The company has a market capitalization of $33.16 billion, a PE ratio of 18.39, a P/E/G ratio of 2.72 and a beta of 1.19. The stock has a 50 day moving average price of $650.43 and a two-hundred day moving average price of $625.50. 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 issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for 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 business's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 earnings per share. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's payout ratio is 16.56%.

Analyst Ratings Changes

A number of research firms recently commented on MPWR. KeyCorp dropped their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Citigroup increased their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Oppenheimer reissued an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $789.42.

Insider Activity

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the sale, the director now owns 776 shares in the company, valued at $504,400. This trade represents a 11.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now owns 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 over the last quarter. Corporate 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.