Whittier Trust Co. Has $24.64 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Whittier Trust Co. increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,486 shares of the semiconductor company's stock after buying an additional 954 shares during the quarter. Whittier Trust Co. owned 0.09% of Monolithic Power Systems worth $24,640,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Avantax Advisory Services Inc. grew 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 worth $1,893,000 after purchasing an additional 14 shares during the period. Beverly Hills Private Wealth LLC raised its position in Monolithic Power Systems by 3.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company's stock valued at $370,000 after purchasing an additional 20 shares in the last quarter. Cromwell Holdings LLC raised its position in Monolithic Power Systems by 18.7% during the first quarter. Cromwell Holdings LLC now owns 127 shares of the semiconductor company's stock valued at $74,000 after purchasing an additional 20 shares in the last quarter. TrinityPoint Wealth LLC raised its position in Monolithic Power Systems by 5.6% during the fourth quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock valued at $303,000 after purchasing an additional 27 shares in the last quarter. Finally, Vestcor Inc raised its position in Monolithic Power Systems by 3.1% during the fourth quarter. Vestcor Inc now owns 937 shares of the semiconductor company's stock valued at $554,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MPWR shares. TD Cowen upped their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Citigroup upped their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Stifel Nicolaus lowered their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. KeyCorp upped their price target on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Oppenheimer reiterated an "outperform" rating and set a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a report on Tuesday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $802.33.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded up $6.95 during trading on Friday, hitting $720.52. The company's stock had a trading volume of 182,848 shares, compared to its average volume of 802,348. 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 cap of $34.50 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. The stock has a 50-day moving average price of $708.41 and a two-hundred day moving average price of $640.98.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating 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 net margin of 76.59% and a return on equity of 19.80%. The business's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 earnings per share. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $1.56 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.56%.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated 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 owned 676 shares of the company's stock, valued at $471,848. This represents a 12.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is currently owned by 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.