401 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Bought by Prescott Group Capital Management L.L.C.

Key Points

• Prescott Group Capital Management L.L.C. acquired a new stake in Monolithic Power Systems, purchasing 401 shares valued at approximately $233,000 during the first quarter of the year.
• Insider transactions included the sale of 12,000 shares by EVP Maurice Sciammas for over $8.4 million, indicating significant insider selling activity during recent months.
• Monolithic Power Systems declared a quarterly dividend of $1.56 per share, reflecting an annualized dividend yield of 0.88% and a payout ratio of 16.56%.

Prescott Group Capital Management L.L.C. acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 401 shares of the semiconductor company's stock, valued at approximately $233,000.

Several other large investors also recently modified their holdings of MPWR. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. grew its position in 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 acquiring an additional 51 shares during the last quarter. Global Financial Private Client LLC grew its position in Monolithic Power Systems by 265.0% during the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 53 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $47,000. Finally, Opal Wealth Advisors LLC bought a new stake in Monolithic Power Systems during the 1st quarter worth approximately $54,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on MPWR shares. Stifel Nicolaus decreased their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company increased their price target on Monolithic Power Systems from $695.00 to $730.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $805.67.

Monolithic Power Systems Price Performance

MPWR stock traded down $12.57 during trading hours on Tuesday, reaching $725.99. 257,887 shares of the stock were exchanged, compared to its average volume of 812,013. The company has a market cap of $34.76 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.84 and a beta of 1.20. The firm's 50-day moving average is $710.58 and its 200-day moving average is $646.93. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

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

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.86%. Monolithic Power Systems's payout ratio is 16.56%.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the transaction, the director directly owned 676 shares in the company, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer owned 46,939 shares of the company's stock, valued at $35,204,250. This trade represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,200 shares of company stock worth $13,046,800. Corporate insiders own 3.40% of the company's stock.

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.