1,000 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by WT Asset Management Ltd

WT Asset Management Ltd acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the semiconductor company's stock, valued at approximately $580,000. Monolithic Power Systems comprises about 0.1% of WT Asset Management Ltd's portfolio, making the stock its 24th largest position.

Other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth $29,000. Itau Unibanco Holding S.A. increased its stake in Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 51 shares during the last quarter. AlphaQuest LLC purchased a new stake in Monolithic Power Systems in the fourth quarter valued at $41,000. Finally, Global Financial Private Client LLC raised its position in Monolithic Power Systems by 265.0% in the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 53 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Up 2.1%

Shares of MPWR traded up $15.59 on Tuesday, hitting $746.97. 587,147 shares of the stock traded hands, compared to its average volume of 800,011. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The stock's 50 day moving average is $670.78 and its two-hundred day moving average is $629.69. The firm has a market capitalization of $35.76 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.92 and a beta of 1.19.

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, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. Monolithic Power Systems's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.81 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.84%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction 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 completion of the sale, the director owned 676 shares of the company's stock, valued at $471,848. This represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction 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 transaction, the executive vice president owned 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock worth $8,546,800 over the last ninety days. Corporate insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Oppenheimer restated an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. TD Cowen raised their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company increased 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, Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $789.42.

About Monolithic Power Systems

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.