Perpetual Ltd Acquires 3,596 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Perpetual Ltd boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 122.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,532 shares of the semiconductor company's stock after purchasing an additional 3,596 shares during the period. Perpetual Ltd's holdings in Monolithic Power Systems were worth $3,788,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. KPP Advisory Services LLC boosted its stake in shares of Monolithic Power Systems by 7.3% in the 1st quarter. KPP Advisory Services LLC now owns 588 shares of the semiconductor company's stock valued at $341,000 after purchasing an additional 40 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Monolithic Power Systems by 23.1% in the first quarter. Sequoia Financial Advisors LLC now owns 2,013 shares of the semiconductor company's stock valued at $1,168,000 after acquiring an additional 378 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Monolithic Power Systems by 124.2% in the first quarter. Golden State Wealth Management LLC now owns 148 shares of the semiconductor company's stock valued at $86,000 after buying an additional 82 shares during the last quarter. Moran Wealth Management LLC lifted its stake in shares of Monolithic Power Systems by 0.7% in the 1st quarter. Moran Wealth Management LLC now owns 15,788 shares of the semiconductor company's stock valued at $9,157,000 after purchasing an additional 109 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Monolithic Power Systems by 1.2% during the first quarter. Asset Management One Co. Ltd. now owns 20,754 shares of the semiconductor company's stock worth $12,037,000 after purchasing an additional 242 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $504,400. This represents a 11.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems 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 sale, the executive vice president now owns 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% 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 worth $8,546,800. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Trading Up 0.1%

Monolithic Power Systems stock traded up $0.86 during midday trading on Friday, reaching $736.03. The stock had a trading volume of 562,271 shares, compared to its average volume of 802,487. The company has a fifty day moving average price of $666.32 and a two-hundred day moving average price of $628.67. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The company has a market capitalization of $35.24 billion, a P/E ratio of 19.54, a PEG ratio of 2.92 and a beta of 1.19.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS 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 firm had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same period in the prior year, the business posted $2.81 earnings per share. The company's quarterly revenue was up 39.2% compared to the same quarter last year. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

Analysts Set New Price Targets

MPWR has been the subject of several analyst reports. Stifel Nicolaus decreased their target price 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. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp cut their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Citigroup raised their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given 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 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.