Clear Creek Financial Management LLC Acquires New Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Clear Creek Financial Management LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 698 shares of the semiconductor company's stock, valued at approximately $405,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter worth $29,000. Itau Unibanco Holding S.A. increased its holdings in shares of Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares during the period. AlphaQuest LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $41,000. Finally, Global Financial Private Client LLC lifted its holdings in Monolithic Power Systems by 265.0% in the first 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. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Rosenblatt Securities restated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Stifel Nicolaus decreased their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Oppenheimer reissued an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, Raymond James Financial restated an "outperform" rating and issued a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $789.42.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the 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 completion of the sale, the director owned 676 shares in the company, valued at $471,848. This represents a 12.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was 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 directly owned 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,200 shares of company stock worth $13,046,800. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Trading Down 0.7%

MPWR stock traded down $5.41 during mid-day trading on Thursday, reaching $758.99. 400,080 shares of the stock traded hands, compared to its average volume of 800,701. The stock's fifty day moving average is $683.60 and its 200-day moving average is $632.33. The company has a market cap of $36.34 billion, a P/E ratio of 20.15, a P/E/G ratio of 2.96 and a beta of 1.20. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating the consensus estimate of $4.00 by $0.04. The business 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 firm's quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.81 EPS. Equities 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. Stockholders of record on Monday, June 30th will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

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.