National Wealth Management Group LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,368 shares of the semiconductor company's stock, valued at approximately $793,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Monolithic Power Systems by 13.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,719 shares of the semiconductor company's stock valued at $2,157,000 after purchasing an additional 438 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 1st quarter valued at about $204,000. Praxis Investment Management Inc. acquired a new stake in shares of Monolithic Power Systems in the first quarter valued at about $980,000. Jackson Wealth Management LLC increased its position in shares of 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 valued at $1,680,000 after acquiring an additional 659 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Monolithic Power Systems by 52.6% in the first quarter. DAVENPORT & Co LLC now owns 653 shares of the semiconductor company's stock valued at $379,000 after acquiring an additional 225 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Insider Transactions at Monolithic Power Systems
In other news, EVP Deming Xiao sold 39,999 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the completion of the sale, the executive vice president owned 121,605 shares in the company, valued at $94,851,900. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $814.34, for a total value of $2,443,020.00. Following the sale, the chief financial officer owned 40,939 shares of the company's stock, valued at approximately $33,338,265.26. This represents a 6.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,792 shares of company stock worth $41,066,150 over the last quarter. Company insiders own 3.40% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on MPWR shares. Needham & Company LLC lifted 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. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 target price (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Raymond James Financial reaffirmed an "outperform" rating and issued a $875.00 target price (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Finally, KeyCorp lifted 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $838.09.
Check Out Our Latest Research Report on Monolithic Power Systems
Monolithic Power Systems Stock Performance
Monolithic Power Systems stock traded up $0.34 during midday trading on Wednesday, reaching $858.21. 301,732 shares of the company's stock were exchanged, compared to its average volume of 776,774. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $954.00. The firm has a market cap of $41.10 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 3.22 and a beta of 1.23. The stock's 50-day simple moving average is $789.24 and its 200 day simple moving average is $683.09.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $664.57 million during the quarter, compared to analysts' expectations of $648.74 million. During the same quarter last year, the company posted $3.17 earnings per share. Monolithic Power Systems's quarterly revenue was up 31.0% on a year-over-year basis. Monolithic Power Systems has set its Q3 2025 guidance at EPS. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.
Monolithic Power Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's payout ratio is currently 16.25%.
Monolithic Power Systems Company Profile
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Free Report)
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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