Jackson Wealth Management LLC Increases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Jackson Wealth Management LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 29.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,896 shares of the semiconductor company's stock after buying an additional 659 shares during the period. Jackson Wealth Management LLC's holdings in Monolithic Power Systems were worth $1,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPWR. Brighton Jones LLC lifted its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 200 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Monolithic Power Systems by 42.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,249 shares of the semiconductor company's stock valued at $739,000 after purchasing an additional 371 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Monolithic Power Systems by 15.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,974 shares of the semiconductor company's stock valued at $2,943,000 after purchasing an additional 676 shares during the last quarter. Keybank National Association OH raised its holdings in Monolithic Power Systems by 1.2% during the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after acquiring an additional 22 shares during the period. Finally, Atria Investments Inc raised its holdings in Monolithic Power Systems by 8.4% during the 4th quarter. Atria Investments Inc now owns 3,215 shares of the semiconductor company's stock valued at $1,902,000 after acquiring an additional 248 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm'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 transaction of $69,800.00. Following the completion of the sale, the director owned 676 shares of the company's stock, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president directly owned 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,200 shares of company stock valued at $13,046,800 over the last 90 days. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $758.99 on Friday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The company has a 50-day simple moving average of $687.11 and a two-hundred day simple moving average of $633.47. The firm has a market capitalization of $36.34 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 3.01 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 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 during the quarter, compared to analyst estimates of $633.43 million. During the same period last year, the business posted $2.81 earnings per share. Monolithic Power Systems's quarterly revenue was up 39.2% compared to the same quarter last year. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.56%.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of analyst reports. Raymond James Financial reissued an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. Finally, KeyCorp decreased their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock 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, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus target price of $789.42.

About Monolithic Power Systems

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.

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