Guidance Capital Inc. Increases Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Guidance Capital Inc. boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,804 shares of the semiconductor company's stock after purchasing an additional 461 shares during the period. Guidance Capital Inc.'s holdings in Monolithic Power Systems were worth $1,786,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Choreo LLC increased its stake in shares of Monolithic Power Systems by 19.9% during the first quarter. Choreo LLC now owns 1,464 shares of the semiconductor company's stock valued at $851,000 after buying an additional 243 shares during the period. PFG Advisors increased its stake in shares of Monolithic Power Systems by 40.2% during the first quarter. PFG Advisors now owns 4,835 shares of the semiconductor company's stock valued at $2,804,000 after buying an additional 1,387 shares during the period. Crestwood Advisors Group LLC purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $224,000. Lindbrook Capital LLC increased its stake in shares of Monolithic Power Systems by 140.9% during the first quarter. Lindbrook Capital LLC now owns 306 shares of the semiconductor company's stock valued at $177,000 after buying an additional 179 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Monolithic Power Systems by 5.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 3,768 shares of the semiconductor company's stock valued at $2,185,000 after buying an additional 211 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of MPWR stock traded down $8.95 during mid-day trading on Tuesday, hitting $715.83. The company's stock had a trading volume of 90,318 shares, compared to its average volume of 800,011. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The business has a 50-day moving average price of $710.46 and a 200 day moving average price of $643.31. The stock has a market cap of $34.27 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.88 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same quarter in the previous year, the business earned $2.81 earnings per share. The company's revenue was up 39.2% on a year-over-year basis. Equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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 0.87%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.

Analyst Ratings Changes

MPWR has been the topic of several research analyst reports. TD Cowen boosted their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Oppenheimer restated an "outperform" rating and set a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. 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. KeyCorp lifted their price target on Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price target on Monolithic Power Systems from $695.00 to $730.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $802.33.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction on Monday, May 12th. The stock was 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 in the company, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction on 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 sale, the chief financial officer owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,200 shares of company stock worth $13,046,800. 3.40% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.