PFG Advisors Acquires 1,387 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

PFG Advisors grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 40.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,835 shares of the semiconductor company's stock after purchasing an additional 1,387 shares during the period. PFG Advisors' holdings in Monolithic Power Systems were worth $2,804,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. grew its stake in shares of Monolithic Power Systems by 637.5% during the 4th 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 period. Global Financial Private Client LLC increased its stake in shares of Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 53 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $47,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter valued at about $54,000. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent research reports. Needham & Company LLC restated a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Loop Capital boosted their target price on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday. KeyCorp upped their price objective on Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $805.67.

Insider Buying and Selling

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 stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the transaction, the chief financial officer directly owned 46,939 shares in the company, valued at $35,204,250. The trade was a 11.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the executive vice president owned 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,200 shares of company stock worth $13,046,800 in the last ninety days. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

MPWR traded down $0.87 during trading on Friday, reaching $712.13. The company's stock had a trading volume of 145,624 shares, compared to its average volume of 816,908. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The company's fifty day moving average price is $709.87 and its 200-day moving average price is $644.94. The company has a market capitalization of $34.10 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 2.86 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The company's quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.81 EPS. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.56 per share. The ex-dividend date was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.88%. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

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.