Whalen Wealth Management Inc. Increases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Whalen Wealth Management Inc. boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 98.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 787 shares of the semiconductor company's stock after acquiring an additional 391 shares during the period. Whalen Wealth Management Inc.'s holdings in Monolithic Power Systems were worth $457,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its stake in Monolithic Power Systems by 0.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after purchasing an additional 14 shares during the last quarter. Allworth Financial LP grew its holdings in Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after buying an additional 16 shares during the period. Keybank National Association OH increased its stake in shares of Monolithic Power Systems by 1.2% during the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after acquiring an additional 22 shares during the last quarter. Truvestments Capital LLC lifted its holdings in shares of Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after acquiring an additional 22 shares during the period. Finally, Tradewinds Capital Management LLC boosted its position in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 24 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 1.1%

Shares of NASDAQ MPWR opened at $685.90 on Monday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a 50-day moving average of $647.36 and a two-hundred day moving average of $624.78. The company has a market capitalization of $32.84 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 2.72 and a beta of 1.19.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The business 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 company's quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 EPS. As a group, research analysts predict 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 will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.91%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's payout ratio is 16.56%.

Analyst Ratings Changes

MPWR has been the subject of a number of research reports. TD Cowen boosted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. KeyCorp reduced 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 report on Friday, May 2nd. Citigroup increased their price objective on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $789.42.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the transaction, the director now owns 776 shares in the company, valued at $504,400. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president now owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,200 shares of company stock valued at $8,546,800. Corporate insiders own 3.40% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.