NorthStar Asset Management LLC NJ Acquires New Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

NorthStar Asset Management LLC NJ purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 365 shares of the semiconductor company's stock, valued at approximately $212,000.

Other large investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new position in Monolithic Power Systems during the 4th quarter worth $29,000. Itau Unibanco Holding S.A. raised its position in shares of Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 51 shares in the last quarter. Global Financial Private Client LLC raised its position in shares of Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 53 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $47,000. Finally, Opal Wealth Advisors LLC bought a new position in Monolithic Power Systems during the 1st quarter valued at $54,000. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MPWR. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. Loop Capital increased their price target on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp increased their price target on Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus decreased their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $805.67.

Insider Buying and Selling at Monolithic Power Systems

In related news, 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 directly owned 4,015 shares in the company, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the sale, the chief financial officer owned 46,939 shares of the company's stock, valued at approximately $35,204,250. The trade was a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock valued at $13,046,800 over the last ninety days. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock traded up $1.68 during trading hours on Friday, hitting $714.68. The company had a trading volume of 275,865 shares, compared to its average volume of 466,778. The firm has a market cap of $34.22 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.83 and a beta of 1.20. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The company has a 50-day moving average price of $709.87 and a two-hundred day moving average price of $644.94.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same quarter last year, the company earned $2.81 earnings per share. The company's quarterly revenue was up 39.2% on a year-over-year basis. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $1.56 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems's payout ratio is 16.56%.

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.