Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 9,241.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,689 shares of the semiconductor company's stock after buying an additional 25,414 shares during the quarter. SG Americas Securities LLC owned 0.05% of Monolithic Power Systems worth $14,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of MPWR. Vanguard Group Inc. lifted its position in shares of Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after purchasing an additional 74,046 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after purchasing an additional 214,395 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after purchasing an additional 31,295 shares during the last quarter. Invesco Ltd. lifted its position in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after purchasing an additional 81,412 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Monolithic Power Systems by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after purchasing an additional 5,274 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the company'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 value of $8,412,000.00. Following the sale, the executive vice president now owns 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company'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 completion of the sale, the director now owns 776 shares in the company, valued at approximately $504,400. This represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,200 shares of company stock worth $8,546,800. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded down $45.56 during trading hours on Friday, reaching $673.01. The stock had a trading volume of 1,027,854 shares, compared to its average volume of 802,884. The company has a market cap of $32.22 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.60 and a beta of 1.19. The business's 50 day moving average price is $629.90 and its 200-day moving average price is $620.27. 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 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 80.95% and a return on equity of 20.36%. The business had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same period in the previous year, the company posted $2.81 earnings per share. The firm's revenue was up 39.2% on a year-over-year basis. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 0.93%. Monolithic Power Systems's payout ratio is 16.56%.

Wall Street Analyst Weigh In

MPWR has been the subject of several research analyst reports. Raymond James reiterated an "outperform" rating and set a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Wells Fargo & Company decreased their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. KeyCorp decreased their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $786.92.

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.