Praxis Investment Management Inc. Takes $980,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Praxis Investment Management Inc. acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,690 shares of the semiconductor company's stock, valued at approximately $980,000.

A number of other large investors have also made changes to their positions in MPWR. Tradewinds Capital Management LLC boosted its stake in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 24 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at $29,000. Itau Unibanco Holding S.A. boosted its stake in shares of Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

MPWR has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. TD Cowen raised their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. 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. Finally, Citigroup raised their price target 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. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus price target of $789.42.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $685.90 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The stock has a market capitalization of $32.84 billion, a P/E ratio of 18.21, a PEG ratio of 2.72 and a beta of 1.19. The stock has a 50-day simple moving average of $647.36 and a 200-day simple moving average of $624.41.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $633.43 million. During the same quarter in the previous year, the business earned $2.81 EPS. The company's revenue for the quarter was up 39.2% on a year-over-year basis. 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 declared 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 annualized dividend and a yield of 0.91%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now directly owns 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the transaction, the director now directly owns 776 shares in the company, valued at $504,400. This trade represents a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,200 shares of company stock valued at $8,546,800. Corporate insiders own 3.40% of the company's stock.

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.

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