HB Wealth Management LLC Buys 5,091 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• HB Wealth Management LLC significantly increased its stake in Monolithic Power Systems by 674.3% during Q1, owning 5,846 shares valued at approximately $3.39 million.
• Monolithic Power Systems reported a 39.2% year-over-year revenue increase with quarterly earnings of $4.04 per share, surpassing analysts' expectations.
• The company declared a quarterly dividend of $1.56 per share, reflecting an annualized yield of 0.87% with a payout ratio of 16.56%.

HB Wealth Management LLC lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 674.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,846 shares of the semiconductor company's stock after purchasing an additional 5,091 shares during the period. HB Wealth Management LLC's holdings in Monolithic Power Systems were worth $3,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nvwm LLC increased its position in Monolithic Power Systems by 8.5% during the 1st quarter. Nvwm LLC now owns 1,303 shares of the semiconductor company's stock valued at $756,000 after purchasing an additional 102 shares during the period. Prescott Group Capital Management L.L.C. acquired a new position in shares of Monolithic Power Systems during the first quarter worth approximately $233,000. Trilogy Capital Inc. raised its position in Monolithic Power Systems by 1.8% in the 1st quarter. Trilogy Capital Inc. now owns 3,592 shares of the semiconductor company's stock valued at $2,083,000 after buying an additional 64 shares during the last quarter. Pacer Advisors Inc. raised its position in Monolithic Power Systems by 18.2% in the 1st quarter. Pacer Advisors Inc. now owns 9,686 shares of the semiconductor company's stock valued at $5,618,000 after buying an additional 1,493 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Monolithic Power Systems by 5.9% in the 1st quarter. Cetera Investment Advisers now owns 9,464 shares of the semiconductor company's stock valued at $5,489,000 after buying an additional 526 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Trading Down 1.0%

Shares of MPWR stock traded down $7.12 during trading hours on Thursday, reaching $723.43. The company's stock had a trading volume of 453,460 shares, compared to its average volume of 809,670. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The stock has a market capitalization of $34.64 billion, a P/E ratio of 19.25, a P/E/G ratio of 2.87 and a beta of 1.20. The firm's fifty day simple moving average is $712.10 and its 200 day simple moving average is $648.04.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm's revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.81 earnings per share. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's payout ratio is 16.56%.

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director owned 676 shares in the company, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value 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 $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,200 shares of company stock worth $13,046,800 over the last quarter. 3.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MPWR has been the subject of a number of recent analyst reports. Oppenheimer restated an "outperform" rating and issued a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Stifel Nicolaus lowered their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. TD Cowen raised their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, KeyCorp raised their price target on Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $805.67.

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.