Copeland Capital Management LLC Purchases 2,260 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Copeland Capital Management LLC boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 11.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,985 shares of the semiconductor company's stock after acquiring an additional 2,260 shares during the quarter. Copeland Capital Management LLC's holdings in Monolithic Power Systems were worth $12,751,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its position in Monolithic Power Systems by 0.4% in the fourth 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 in the last quarter. Keybank National Association OH boosted its position in Monolithic Power Systems by 1.2% in the fourth 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 in the last quarter. Truvestments Capital LLC boosted its position in Monolithic Power Systems by 5.0% in the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock valued at $273,000 after buying an additional 22 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Monolithic Power Systems by 10.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the semiconductor company's stock valued at $164,000 after buying an additional 25 shares in the last quarter. Finally, TrinityPoint Wealth LLC boosted its position in Monolithic Power Systems by 5.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock valued at $303,000 after buying an additional 27 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on 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 directly owns 776 shares of the company's stock, valued at approximately $504,400. The trade was a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction 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 sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 12,200 shares of company stock worth $8,546,800 over the last quarter. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Up 0.1%

MPWR stock opened at $736.03 on Friday. The firm has a market cap of $35.24 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.92 and a beta of 1.19. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The company's fifty day simple moving average is $666.32 and its 200 day simple moving average is $628.67.

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 (EPS) 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 analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. Monolithic Power Systems's revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.85%. Monolithic Power Systems's payout ratio is 16.56%.

Analysts Set New Price Targets

MPWR has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. TD Cowen lifted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Citigroup lifted their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Stifel Nicolaus cut their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Oppenheimer reiterated an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $789.42.

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.

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