Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in Monolithic Power Systems to $3.43 billion, owning approximately 12.37% of the company's shares after adding 96,395 shares in the first quarter.
• Monolithic Power Systems reported earnings of $4.21 per share for the last quarter, surpassing analysts' expectations, along with a significant revenue increase of 31.0% compared to the same quarter last year.
• The company declared a quarterly dividend of $1.56 per share, which reflects a yield of 0.8% and a payout ratio of 16.25%.

Vanguard Group Inc. lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,920,669 shares of the semiconductor company's stock after acquiring an additional 96,395 shares during the quarter. Vanguard Group Inc. owned 12.37% of Monolithic Power Systems worth $3,433,870,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. grew its position in shares of 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 buying an additional 51 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Monolithic Power Systems by 146.4% in the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock worth $40,000 after buying an additional 41 shares during the last quarter. Global Financial Private Client LLC grew its position in shares of Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock worth $42,000 after buying an additional 53 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter worth approximately $54,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 39,999 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the transaction, the executive vice president directly owned 121,605 shares in the company, valued at approximately $94,851,900. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the transaction, the chief financial officer owned 46,939 shares in the company, valued at $35,204,250. The trade was a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,999 shares of company stock worth $37,949,220 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR stock traded up $11.90 on Wednesday, reaching $852.46. 188,455 shares of the company were exchanged, compared to its average volume of 812,281. The company has a market cap of $40.83 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 2.97 and a beta of 1.18. The business has a 50-day moving average price of $734.63 and a 200 day moving average price of $658.40. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.09. The business had revenue of $664.57 million during the quarter, compared to analysts' expectations of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The company's quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.17 earnings per share. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.56 per share. The ex-dividend date was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems's payout ratio is presently 16.25%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MPWR. Citigroup reaffirmed a "buy" rating and issued a $825.00 price objective (up previously from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. Raymond James Financial reissued an "outperform" rating and set a $875.00 target price (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. TD Cowen boosted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and set a $800.00 target price (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Finally, Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $838.09.

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.