First American Trust FSB Takes $3.57 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• First American Trust FSB has acquired 6,162 shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR), valued at approximately $3.57 million, indicating strong institutional interest in the semiconductor company.
• Insiders have sold significant amounts of stock recently, including Director Kuo Wei Herbert Chang, who sold 100 shares for about $69,800, and EVP Deming Xiao, who sold 39,999 shares for approximately $31.2 million.
• Monolithic Power Systems reported a 31% year-over-year revenue increase and an earnings per share of $4.21 for the last quarter, surpassing analysts' expectations.

First American Trust FSB purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,162 shares of the semiconductor company's stock, valued at approximately $3,574,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. Fourth Dimension Wealth LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at $29,000. SouthState Corp bought a new stake in Monolithic Power Systems in the first quarter valued at approximately $33,000. Itau Unibanco Holding S.A. lifted its stake in shares of Monolithic Power Systems by 637.5% in the 4th 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. Meeder Asset Management Inc. lifted its stake in Monolithic Power Systems by 146.4% in the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after buying an additional 41 shares during the period. Finally, Global Financial Private Client LLC increased its position in Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after buying an additional 53 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MPWR shares. Needham & Company LLC increased their price target on Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Loop Capital boosted their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Raymond James Financial reiterated an "outperform" rating and issued a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, Citigroup restated a "buy" rating and issued a $825.00 price objective (up from $785.00) on shares of Monolithic Power Systems in a report on Monday, August 4th. Two investment analysts have rated the stock with a hold rating and nine 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 $838.09.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 39,999 shares of Monolithic Power Systems stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the transaction, the executive vice president directly owned 121,605 shares of the company's stock, valued at $94,851,900. The trade was a 24.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $750.00, for a total value of $2,250,000.00. Following the completion of the sale, the chief financial officer owned 43,939 shares of the company's stock, valued at $32,954,250. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,999 shares of company stock valued at $37,949,220. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Trading Up 5.4%

MPWR traded up $43.05 during midday trading on Tuesday, reaching $840.56. The company's stock had a trading volume of 713,712 shares, compared to its average volume of 654,728. The stock's 50-day moving average is $734.63 and its 200-day moving average is $658.40. The firm has a market capitalization of $40.25 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.97 and a beta of 1.18. 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 announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.09. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The business had revenue of $664.57 million during the quarter, compared to analysts' expectations of $648.74 million. During the same quarter in the previous year, the business earned $3.17 earnings per share. The firm's quarterly revenue was up 31.0% compared to the same quarter last year. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's dividend payout ratio is 16.25%.

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.