Vontobel Holding Ltd. Buys 3,730 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vontobel Holding Ltd. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 9.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,583 shares of the semiconductor company's stock after acquiring an additional 3,730 shares during the period. Vontobel Holding Ltd. owned 0.09% of Monolithic Power Systems worth $24,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MPWR. Avantax Advisory Services Inc. boosted its holdings in Monolithic Power Systems by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after acquiring an additional 14 shares during the period. Keybank National Association OH increased its position in Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock worth $1,079,000 after buying an additional 22 shares during the period. Truvestments Capital LLC lifted its holdings in shares of Monolithic Power Systems by 5.0% during the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after buying an additional 22 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Monolithic Power Systems by 10.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the semiconductor company's stock worth $164,000 after buying an additional 25 shares during the last quarter. Finally, TrinityPoint Wealth LLC boosted its position in shares of Monolithic Power Systems by 5.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock valued at $303,000 after acquiring an additional 27 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Trading Down 0.7%

MPWR stock traded down $5.41 during trading on Thursday, hitting $758.99. The company had a trading volume of 400,080 shares, compared to its average volume of 802,654. The company has a fifty day moving average price of $683.60 and a two-hundred day moving average price of $632.33. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company has a market cap of $36.34 billion, a P/E ratio of 20.15, a P/E/G ratio of 3.03 and a beta of 1.20.

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, beating analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The company had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same period last year, the business earned $2.81 earnings per share. The business's revenue was up 39.2% on a year-over-year basis. On average, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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 paid a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.82%. Monolithic Power Systems's dividend payout ratio is 16.56%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the business'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 value of $8,412,000.00. Following the transaction, the executive vice president directly owned 4,015 shares of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director directly owned 676 shares of the company's stock, valued at $471,848. This represents 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 18,200 shares of company stock valued at $13,046,800. Corporate insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup increased their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Stifel Nicolaus reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Rosenblatt Securities restated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Finally, Wells Fargo & Company raised their price objective on Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.