Novem Group Has $1.02 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Novem Group lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 33.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,757 shares of the semiconductor company's stock after purchasing an additional 442 shares during the quarter. Novem Group's holdings in Monolithic Power Systems were worth $1,019,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. increased its position in shares of Monolithic Power Systems by 637.5% during the fourth 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 during the last quarter. AlphaQuest LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $41,000. Finally, Global Financial Private Client LLC increased its position in shares of Monolithic Power Systems by 265.0% during the first 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 during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of research reports. Oppenheimer restated an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Citigroup lifted their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Stifel Nicolaus reduced their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Raymond James Financial reissued an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $789.42.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $17.47 during mid-day trading on Monday, reaching $741.17. The company had a trading volume of 450,577 shares, compared to its average volume of 803,731. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The stock has a market capitalization of $35.49 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 3.01 and a beta of 1.20. The stock's 50 day moving average is $690.23 and its 200-day moving average is $634.82.

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, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The business's quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.81 earnings per share. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Insider Activity

In related news, CFO Theodore Blegen sold 6,000 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer owned 46,939 shares in the company, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 4,015 shares of the company's stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Profile

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.