Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Monolithic Power Systems by 3.1%, owning approximately 0.70% of the company, which is valued at $194,865,000.
• The company reported a quarterly earnings of $4.21 earnings per share, exceeding the analysts' estimate and showing a 31.0% increase in revenue year-over-year.
• Insider selling has been significant, with executives selling over 61,000 shares valued at nearly $46.4 million in the last 90 days, while institutional investors own about 93.46% of the stock.

Charles Schwab Investment Management Inc. boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 335,986 shares of the semiconductor company's stock after purchasing an additional 10,163 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.70% of Monolithic Power Systems worth $194,865,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. GAMMA Investing LLC grew its position in Monolithic Power Systems by 76,432.3% during the 1st quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock worth $451,418,000 after purchasing an additional 777,316 shares during the period. Price T Rowe Associates Inc. MD grew its position in Monolithic Power Systems by 16.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after purchasing an additional 214,395 shares during the period. Siemens Fonds Invest GmbH grew its position in Monolithic Power Systems by 18,567.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock worth $118,628,000 after purchasing an additional 199,413 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Monolithic Power Systems during the 4th quarter worth about $113,547,000. Finally, Ensign Peak Advisors Inc grew its position in Monolithic Power Systems by 121.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock worth $199,449,000 after purchasing an additional 185,002 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 0.8%

MPWR stock opened at $804.29 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The stock has a market cap of $38.52 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 3.00 and a beta of 1.18. The business's 50-day moving average is $728.95 and its 200 day moving average is $656.59.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The company had revenue of $664.57 million for the quarter, compared to analysts' expectations of $648.74 million. During the same period in the previous year, the firm posted $3.17 EPS. Monolithic Power Systems's revenue was up 31.0% compared to the same quarter last year. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's payout ratio is presently 16.25%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 46,939 shares of the company's stock, valued at $35,204,250. This trade represents a 11.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's 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 transaction, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,099 shares of company stock valued at $46,431,020. Company insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MPWR. TD Cowen raised their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Needham & Company LLC raised their target price on Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Stifel Nicolaus raised their target price on Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Citigroup restated a "buy" rating and set a $825.00 target price (up from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. Finally, KeyCorp raised their target price on Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $838.09.

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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