Simon Quick Advisors LLC Acquires New Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Simon Quick Advisors LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 535 shares of the semiconductor company's stock, valued at approximately $310,000.

Several other large investors have also added to or reduced their stakes in the business. Tradewinds Capital Management LLC increased its stake in Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after buying an additional 24 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $29,000. Itau Unibanco Holding S.A. raised its holdings in 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 worth $35,000 after acquiring an additional 51 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the sale, the director now directly owns 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $8,412,000.00. Following the sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock worth $8,546,800 in the last 90 days. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

MPWR traded up $2.89 on Wednesday, reaching $693.76. The company had a trading volume of 245,786 shares, compared to its average volume of 799,897. The stock has a market cap of $33.22 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.80 and a beta of 1.19. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company's fifty day moving average is $637.50 and its 200 day moving average is $622.14.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business's revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.81 earnings per share. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio is 16.56%.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Raymond James Financial reissued an "outperform" rating and issued a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price target on shares of 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. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Needham & Company LLC restated a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $789.42.

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.