Oppenheimer & Co. Inc. Has $4.60 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Oppenheimer & Co. Inc. raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 87.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,931 shares of the semiconductor company's stock after purchasing an additional 3,698 shares during the period. Oppenheimer & Co. Inc.'s holdings in Monolithic Power Systems were worth $4,600,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MPWR. Avantax Advisory Services Inc. increased its holdings in Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after buying an additional 14 shares during the period. Allworth Financial LP increased its stake in Monolithic Power Systems by 11.5% in the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after acquiring an additional 16 shares during the last quarter. Keybank National Association OH increased its stake in Monolithic Power Systems by 1.2% in the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after acquiring an additional 22 shares during the last quarter. Truvestments Capital LLC raised its position in Monolithic Power Systems by 5.0% during the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock valued at $273,000 after purchasing an additional 22 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Monolithic Power Systems by 10.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the semiconductor company's stock worth $164,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity

In related news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director now directly owns 676 shares of the company's stock, valued at approximately $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is currently owned by insiders.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded up $6.24 on Wednesday, reaching $722.82. The company had a trading volume of 337,219 shares, compared to its average volume of 799,300. The firm has a market cap of $34.61 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.75 and a beta of 1.19. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The business has a 50 day moving average of $653.88 and a two-hundred day moving average of $626.13.

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, 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 during the quarter, compared to analysts' expectations of $633.43 million. During the same quarter in the prior year, the firm posted $2.81 earnings per share. The business's quarterly revenue was up 39.2% on a year-over-year basis. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company 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. The ex-dividend date is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.86%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.56%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MPWR. KeyCorp decreased their price target on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. Oppenheimer reissued an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Citigroup raised their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus lowered their price objective on shares of 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. Two investment 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 stock currently has an average rating of "Moderate Buy" and an average target price of $789.42.

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.