Vantage Investment Partners LLC Increases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vantage Investment Partners LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 26.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,768 shares of the semiconductor company's stock after purchasing an additional 9,046 shares during the period. Monolithic Power Systems comprises about 2.1% of Vantage Investment Partners LLC's portfolio, making the stock its 20th largest holding. Vantage Investment Partners LLC owned 0.09% of Monolithic Power Systems worth $25,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its stake in Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. grew its position in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

MPWR has been the subject of a number of analyst reports. Raymond James Financial restated an "outperform" rating and issued a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. 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. Finally, KeyCorp dropped their price target 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. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $789.42.

Monolithic Power Systems Stock Down 1.1%

NASDAQ:MPWR opened at $685.90 on Friday. The stock's fifty day moving average is $647.36 and its two-hundred day moving average is $624.41. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The stock has a market capitalization of $32.84 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.72 and a beta of 1.19.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly 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. The company had revenue of $637.55 million for 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 firm's revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.81 earnings per share. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's payout ratio is currently 16.56%.

Insider Activity

In related news, EVP Maurice Sciammas sold 12,000 shares of the 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 transaction, the executive vice president now owns 4,015 shares of the company's stock, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 776 shares in the company, valued at $504,400. This trade represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,200 shares of company stock worth $8,546,800. Corporate insiders own 3.40% of the company's stock.

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.

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