Sagespring Wealth Partners LLC Takes $217,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Sagespring Wealth Partners LLC purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 374 shares of the semiconductor company's stock, valued at approximately $217,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Family Office LLC grew its position in Monolithic Power Systems by 1,031.6% during the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock valued at $1,547,000 after buying an additional 2,383 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $454,000. Plato Investment Management Ltd increased its stake in shares of Monolithic Power Systems by 257.4% during the fourth quarter. Plato Investment Management Ltd now owns 3,785 shares of the semiconductor company's stock worth $2,248,000 after purchasing an additional 2,726 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $11,834,000. Finally, Park National Corp OH purchased a new stake in shares of Monolithic Power Systems during the first quarter worth about $19,507,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of research reports. Oppenheimer reissued an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Raymond James Financial reissued an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and set a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Finally, KeyCorp lowered their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Two investment 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, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $789.42.

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the sale, the director now directly owns 776 shares of the company's stock, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business's 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 completion of the sale, the executive vice president now directly owns 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 over the last ninety days. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Trading Down 1.1%

MPWR stock traded down $7.34 during trading on Friday, reaching $685.90. 1,074,555 shares of the stock were exchanged, compared to its average volume of 802,604. The business has a 50 day moving average price of $647.36 and a 200-day moving average price of $624.41. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The firm has a market capitalization of $32.84 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.72 and a beta of 1.19.

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

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis 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%.

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.