Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,868 shares of the semiconductor company's stock after purchasing an additional 1,350 shares during the quarter. Larson Financial Group LLC's holdings in Monolithic Power Systems were worth $5,143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Monolithic Power Systems by 13.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,719 shares of the semiconductor company's stock valued at $2,157,000 after acquiring an additional 438 shares during the period. OneDigital Investment Advisors LLC bought a new position in Monolithic Power Systems during the 1st quarter valued at about $204,000. Praxis Investment Management Inc. purchased a new stake in Monolithic Power Systems in the 1st quarter worth about $980,000. Jackson Wealth Management LLC lifted its stake in Monolithic Power Systems by 29.5% in the first quarter. Jackson Wealth Management LLC now owns 2,896 shares of the semiconductor company's stock worth $1,680,000 after purchasing an additional 659 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its position in shares of Monolithic Power Systems by 52.6% during the first quarter. DAVENPORT & Co LLC now owns 653 shares of the semiconductor company's stock valued at $379,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated 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 directly owned 676 shares of the company's stock, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president owned 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,200 shares of company stock worth $13,046,800 over the last 90 days. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Trading Down 0.5%

Shares of Monolithic Power Systems stock traded down $3.59 during trading on Wednesday, hitting $714.03. 779,677 shares of the stock traded hands, compared to its average volume of 807,653. The stock's fifty day simple moving average is $706.91 and its 200 day simple moving average is $640.22. The firm has a market cap of $34.19 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 2.85 and a beta of 1.20. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $633.43 million. During the same quarter last year, the firm posted $2.81 EPS. The company's revenue for the quarter was up 39.2% on a year-over-year basis. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.56 dividend. 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 16.56%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MPWR shares. KeyCorp increased their price target on Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen boosted 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. Finally, Citigroup upped 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $802.33.

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.