Fifth Third Bancorp Purchases 2,171 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Fifth Third Bancorp increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,405 shares of the semiconductor company's stock after buying an additional 2,171 shares during the period. Fifth Third Bancorp's holdings in Monolithic Power Systems were worth $5,455,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its position in Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. boosted its position in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after buying an additional 51 shares during the period. Finally, AlphaQuest LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $41,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MPWR shares. Stifel Nicolaus lowered their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Oppenheimer restated an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Citigroup raised 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. TD Cowen raised 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. Finally, Rosenblatt Securities restated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $786.92.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded down $45.56 during trading on Friday, reaching $673.01. 1,027,854 shares of the company traded hands, compared to its average volume of 800,872. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company has a 50 day moving average price of $629.90 and a 200-day moving average price of $619.85. The firm has a market capitalization of $32.22 billion, a PE ratio of 18.30, a P/E/G ratio of 2.60 and a beta of 1.19.

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 analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. During the same quarter in the previous year, the company earned $2.81 EPS. Monolithic Power Systems's quarterly revenue was up 39.2% compared to the same quarter last year. Equities 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.93%. Monolithic Power Systems's payout ratio is presently 16.56%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on 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 now owns 676 shares in the company, valued at approximately $471,848. The trade was a 12.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the business's 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 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 12,200 shares of company stock worth $8,546,800 in the last quarter. Company insiders own 3.40% of the company's stock.

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.