Simon Quick Advisors LLC Takes $310,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Simon Quick Advisors LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 535 shares of the semiconductor company's stock, valued at approximately $310,000.

Several other large investors also recently bought and sold shares of MPWR. Tradewinds Capital Management LLC grew its position in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in Monolithic Power Systems during the 4th quarter worth about $29,000. Itau Unibanco Holding S.A. lifted its holdings 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 buying an additional 51 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $41,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Down 6.3%

Shares of NASDAQ:MPWR traded down $45.56 during trading on Friday, hitting $673.01. 1,027,854 shares of the stock were exchanged, compared to its average volume of 802,884. The company has a fifty day moving average price of $629.90 and a two-hundred day moving average price of $620.27. The company has a market cap of $32.22 billion, a PE ratio of 18.30, a P/E/G ratio of 2.60 and a beta of 1.19. 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 posted its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the prior year, the company earned $2.81 EPS. Monolithic Power Systems's revenue was up 39.2% on a year-over-year basis. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.93%. Monolithic Power Systems's payout ratio is currently 16.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MPWR shares. KeyCorp dropped their price target on 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. Oppenheimer restated an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen boosted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, 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. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $786.92.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The sale was disclosed in a legal filing 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 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 sale, the director now owns 676 shares of the company's stock, valued at approximately $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is owned by corporate insiders.

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.