Crestwood Advisors Group LLC Acquires New Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Crestwood Advisors Group LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 387 shares of the semiconductor company's stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its stake in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after purchasing an additional 200 shares in the last quarter. LPL Financial LLC raised its stake in Monolithic Power Systems by 10.4% in the 4th quarter. LPL Financial LLC now owns 108,743 shares of the semiconductor company's stock worth $64,343,000 after purchasing an additional 10,233 shares in the last quarter. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after purchasing an additional 74,046 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Monolithic Power Systems by 69.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 25,896 shares of the semiconductor company's stock worth $15,323,000 after purchasing an additional 10,649 shares in the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in Monolithic Power Systems in the 4th quarter worth about $1,538,000. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 6,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the sale, the chief financial officer owned 46,939 shares in the company, valued at $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the sale, the director owned 676 shares of the company's stock, valued at approximately $471,848. This represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,200 shares of company stock worth $13,046,800. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Trading Up 0.2%

NASDAQ MPWR traded up $1.68 on Friday, hitting $714.68. 275,865 shares of the company were exchanged, compared to its average volume of 817,930. The company has a market cap of $34.22 billion, a PE ratio of 18.97, a PEG ratio of 2.86 and a beta of 1.20. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The stock has a fifty day moving average of $709.87 and a 200-day moving average of $644.94.

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 (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same period in the prior year, the firm earned $2.81 earnings per share. Monolithic Power Systems's revenue was up 39.2% on a year-over-year basis. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $1.56 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.87%. Monolithic Power Systems's payout ratio is 16.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MPWR shares. KeyCorp boosted their target price on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Citigroup boosted 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. Loop Capital boosted their target price on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday. Raymond James Financial reiterated 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, TD Cowen upped 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 report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $805.67.

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.