Stiles Financial Services Inc Buys 778 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Stiles Financial Services Inc lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 63.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,009 shares of the semiconductor company's stock after buying an additional 778 shares during the period. Stiles Financial Services Inc's holdings in Monolithic Power Systems were worth $1,167,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MPWR. Tradewinds Capital Management LLC raised its stake in shares of Monolithic Power Systems by 120.0% during 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 in the last quarter. OFI Invest Asset Management bought a new position in Monolithic Power Systems during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. increased its stake in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares during the period. Finally, AlphaQuest LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $41,000. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were 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 directly owns 4,015 shares of the company's stock, valued at $2,814,515. This represents a 74.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated 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 transaction, 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. Over the last 90 days, insiders sold 12,200 shares of company stock worth $8,546,800. 3.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. 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 report on Monday, June 16th. Stifel Nicolaus cut 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 report on Thursday, April 17th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Raymond James Financial reiterated an "outperform" rating and set a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $789.42.

Monolithic Power Systems Price Performance

MPWR traded up $12.35 on Thursday, hitting $735.17. The company had a trading volume of 494,525 shares, compared to its average volume of 801,359. The stock has a fifty day simple moving average of $662.07 and a 200-day simple moving average of $627.66. The firm has a market capitalization of $35.20 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.87 and a beta of 1.19. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.81 EPS. Equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal 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. The ex-dividend date is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.85%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

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.