OneDigital Investment Advisors LLC Invests $204,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

OneDigital Investment Advisors LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 351 shares of the semiconductor company's stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $29,000. Itau Unibanco Holding S.A. raised its stake in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth about $41,000. Global Financial Private Client LLC boosted its position in Monolithic Power Systems by 265.0% in the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after buying an additional 53 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Monolithic Power Systems in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Cowen upped their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. 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 note on Thursday, April 17th. Needham & Company LLC restated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Oppenheimer boosted their price target on Monolithic Power Systems from $700.00 to $800.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and an average target price of $799.42.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,200 shares of company stock worth $13,046,800 over the last three months. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Trading Down 0.5%

MPWR traded down $3.52 on Tuesday, hitting $717.62. 585,665 shares of the company's stock were exchanged, compared to its average volume of 805,791. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The stock has a market cap of $34.36 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.86 and a beta of 1.20. The firm has a 50-day moving average price of $705.38 and a 200-day moving average price of $639.70.

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 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 for the quarter, compared to analysts' expectations of $633.43 million. During the same period in the previous year, the firm posted $2.81 EPS. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $1.56 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Monolithic Power Systems Company 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.