Pallas Capital Advisors LLC Takes $365,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pallas Capital Advisors LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 630 shares of the semiconductor company's stock, valued at approximately $365,000.

Several other institutional investors also recently modified their holdings of MPWR. Brighton Jones LLC increased its position in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 200 shares in the last quarter. Empowered Funds LLC raised its stake in Monolithic Power Systems by 27.6% during the 4th quarter. Empowered Funds LLC now owns 5,164 shares of the semiconductor company's stock valued at $3,056,000 after purchasing an additional 1,117 shares during the period. Kestra Private Wealth Services LLC raised its stake in Monolithic Power Systems by 28.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 872 shares of the semiconductor company's stock valued at $516,000 after purchasing an additional 191 shares during the period. Sovran Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $388,000. Finally, Gladstone Institutional Advisory LLC grew its holdings in shares of Monolithic Power Systems by 47.6% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 397 shares of the semiconductor company's stock valued at $235,000 after buying an additional 128 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MPWR shares. Citigroup increased 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. Stifel Nicolaus reduced their price target 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. Wells Fargo & Company lowered their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Raymond James reissued an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research note 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $786.92.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the sale, the director now owns 776 shares in the company, valued at $504,400. This represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded down $45.56 during midday trading on Friday, hitting $673.01. The company's stock had a trading volume of 1,027,854 shares, compared to its average volume of 799,788. 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 capitalization of $32.22 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.60 and a beta of 1.19. The stock's 50 day simple moving average is $629.90 and its 200 day simple moving average is $619.85.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter last year, the firm posted $2.81 EPS. The company's revenue was up 39.2% on a year-over-year basis. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

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. This represents a $6.24 dividend on an annualized basis and a yield of 0.93%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 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.