Wealth Enhancement Advisory Services LLC Buys 438 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 13.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,719 shares of the semiconductor company's stock after buying an additional 438 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Monolithic Power Systems were worth $2,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPWR. Norges Bank bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $493,807,000. GAMMA Investing LLC grew its stake in shares of Monolithic Power Systems by 76,432.3% in the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock worth $451,418,000 after purchasing an additional 777,316 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $140,795,000. Price T Rowe Associates Inc. MD grew its stake in shares of Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after purchasing an additional 214,395 shares during the last quarter. Finally, Siemens Fonds Invest GmbH grew its stake in shares of Monolithic Power Systems by 18,567.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock worth $118,628,000 after purchasing an additional 199,413 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction 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. This trade represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director now owns 676 shares of the company's stock, valued at $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 ninety days, insiders sold 12,200 shares of company stock worth $8,546,800. Insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MPWR. Raymond James Financial reissued an "outperform" rating and issued a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen raised their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Stifel Nicolaus cut their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company raised their target price on Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Finally, Oppenheimer reissued an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average price target of $789.42.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $736.03 on Friday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The company has a 50-day simple moving average of $666.32 and a two-hundred day simple moving average of $628.67. The firm has a market capitalization of $35.24 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.92 and a beta of 1.19.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The business had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. During the same period last year, the business posted $2.81 earnings per share. Monolithic Power Systems's quarterly revenue was up 39.2% compared to the same quarter last year. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems's payout ratio 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.

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