Wedmont Private Capital Increases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wedmont Private Capital increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 57.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,054 shares of the semiconductor company's stock after acquiring an additional 383 shares during the quarter. Wedmont Private Capital's holdings in Monolithic Power Systems were worth $562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after acquiring an additional 74,046 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Monolithic Power Systems by 16.3% during 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 period. Geode Capital Management LLC increased its stake in Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after purchasing an additional 31,295 shares during the period. Invesco Ltd. increased its stake in Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after purchasing an additional 81,412 shares during the period. Finally, Brown Advisory Inc. increased its stake in Monolithic Power Systems by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after purchasing an additional 5,274 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent research reports. Raymond James reiterated an "outperform" rating and set a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen boosted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. KeyCorp cut their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Citigroup boosted their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $786.92.

Monolithic Power Systems Price Performance

Shares of MPWR stock traded down $45.56 during trading hours on Friday, reaching $673.01. 1,027,854 shares of the stock were exchanged, compared to its average volume of 800,871. The business's fifty day moving average is $629.90 and its two-hundred day moving average is $619.85. The firm has a market capitalization of $32.22 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.60 and a beta of 1.19. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.81 earnings per share. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.93%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

Insider Activity at Monolithic Power Systems

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 transaction of $8,412,000.00. Following the completion of the sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Thursday, May 8th. The stock was 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 owns 776 shares of the company's stock, valued at $504,400. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock valued at $8,546,800 over the last three months. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems 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.