Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 21,721 shares of the semiconductor company's stock after purchasing an additional 859 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Monolithic Power Systems were worth $12,597,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MPWR. Brighton Jones LLC grew its holdings in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after purchasing an additional 200 shares during the period. AlphaQuest LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $41,000. Independent Advisor Alliance grew its holdings in shares of Monolithic Power Systems by 131.4% during the 4th quarter. Independent Advisor Alliance now owns 546 shares of the semiconductor company's stock worth $323,000 after purchasing an additional 310 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Monolithic Power Systems by 96.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,635 shares of the semiconductor company's stock worth $967,000 after acquiring an additional 801 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock worth $1,893,000 after acquiring an additional 14 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the sale, the chief financial officer directly owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This represents a 11.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,200 shares of company stock valued at $13,046,800. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Up 1.0%

Shares of Monolithic Power Systems stock traded up $6.95 on Friday, hitting $720.52. 182,848 shares of the company's stock traded hands, compared to its average volume of 802,348. The stock has a market cap of $34.50 billion, a P/E ratio of 19.13, a PEG ratio of 2.83 and a beta of 1.20. The firm's 50-day moving average is $708.41 and its 200 day moving average is $640.98. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million during 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 business's revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.81 EPS. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their price target on Monolithic Power Systems from $695.00 to $730.00 and gave the stock an "equal weight" rating in a report on Wednesday. KeyCorp upped their price target on Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Citigroup upped their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Raymond James Financial restated an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, TD Cowen upped their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average price target of $802.33.

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.