IFM Investors Pty Ltd Purchases 559 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

IFM Investors Pty Ltd raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,534 shares of the semiconductor company's stock after acquiring an additional 559 shares during the quarter. IFM Investors Pty Ltd's holdings in Monolithic Power Systems were worth $5,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of MPWR. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. lifted its stake in shares of 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 valued at $35,000 after buying an additional 51 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at $41,000. Finally, Global Financial Private Client LLC lifted its stake in shares of Monolithic Power Systems by 265.0% during 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. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the sale, the chief financial officer directly owned 46,939 shares of the company's stock, valued at $35,204,250. The trade was a 11.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,200 shares of company stock valued at $13,046,800 in the last three months. Company insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of analyst reports. TD Cowen lifted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Citigroup lifted their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Raymond James Financial reiterated an "outperform" rating and issued a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp lifted their price target on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $799.42.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded down $10.69 during trading hours on Thursday, reaching $740.45. The company's stock had a trading volume of 386,903 shares, compared to its average volume of 804,125. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The firm has a 50 day moving average price of $696.88 and a 200-day moving average price of $636.49. The stock has a market cap of $35.45 billion, a P/E ratio of 19.66, a P/E/G ratio of 3.02 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The firm's quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.81 EPS. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $1.56 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.84%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

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.