Private Advisor Group LLC Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Private Advisor Group LLC raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 974.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,480 shares of the semiconductor company's stock after purchasing an additional 4,970 shares during the quarter. Private Advisor Group LLC's holdings in Monolithic Power Systems were worth $3,178,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. boosted its holdings in Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares during the period. Global Financial Private Client LLC grew its stake 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 purchasing an additional 53 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Monolithic Power Systems during the 4th quarter worth about $47,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the 1st quarter valued at about $54,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director directly owned 676 shares in the company, valued at approximately $471,848. The trade was a 12.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of 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. Insiders have sold a total of 18,200 shares of company stock valued at $13,046,800 over the last quarter. Insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MPWR. Wells Fargo & Company boosted their price objective on Monolithic Power Systems from $695.00 to $730.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. TD Cowen lifted their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and set a $800.00 target price (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Citigroup boosted their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $720.00 price objective (down from $925.00) 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $805.67.

Monolithic Power Systems Stock Performance

MPWR traded up $1.68 during trading on Friday, reaching $714.68. The company's stock had a trading volume of 275,865 shares, compared to its average volume of 817,930. 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 $34.22 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 2.86 and a beta of 1.20. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

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

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's 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.