Novem Group Raises Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Novem Group grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 33.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,757 shares of the semiconductor company's stock after acquiring 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.

A number of other large investors have also recently made changes to their positions in MPWR. Wealth Enhancement Advisory Services LLC increased its position in Monolithic Power Systems by 13.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,719 shares of the semiconductor company's stock valued at $2,157,000 after acquiring an additional 438 shares during the last quarter. Praxis Investment Management Inc. purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at about $980,000. Boston Family Office LLC lifted its stake in shares of Monolithic Power Systems by 1,031.6% in the 4th quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock worth $1,547,000 after purchasing an additional 2,383 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Monolithic Power Systems by 87.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 7,931 shares of the semiconductor company's stock worth $4,600,000 after purchasing an additional 3,698 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Monolithic Power Systems by 9.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,774 shares of the semiconductor company's stock worth $43,361,000 after buying an additional 6,217 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the company'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 sale, the executive vice president directly owned 4,015 shares of the company's stock, valued at $2,814,515. This represents a 74.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the transaction, the director owned 676 shares of the company's stock, valued at $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,200 shares of company stock valued at $13,046,800. Corporate insiders own 3.40% of the company's stock.

Analyst Ratings Changes

MPWR has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Citigroup upped their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Stifel Nicolaus cut their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Oppenheimer restated an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $789.42.

Monolithic Power Systems Stock Down 0.7%

NASDAQ:MPWR opened at $758.99 on Friday. The business's 50-day simple moving average is $683.60 and its two-hundred day simple moving average is $632.33. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The stock has a market cap of $36.34 billion, a PE ratio of 20.15, a P/E/G ratio of 3.03 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. During the same quarter last year, the company earned $2.81 EPS. The firm's quarterly revenue was up 39.2% on a year-over-year basis. Sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.82%. Monolithic Power Systems's dividend payout ratio is 16.56%.

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.

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