Y Intercept Hong Kong Ltd Raises Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Y Intercept Hong Kong Ltd grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 24.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,978 shares of the semiconductor company's stock after purchasing an additional 384 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Monolithic Power Systems were worth $1,147,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Guidance Capital Inc. lifted its holdings in shares of Monolithic Power Systems by 19.7% in the first quarter. Guidance Capital Inc. now owns 2,804 shares of the semiconductor company's stock valued at $1,786,000 after purchasing an additional 461 shares in the last quarter. Choreo LLC raised its stake in shares of Monolithic Power Systems by 19.9% in the first quarter. Choreo LLC now owns 1,464 shares of the semiconductor company's stock valued at $851,000 after buying an additional 243 shares during the period. PFG Advisors grew its position in shares of Monolithic Power Systems by 40.2% in the first quarter. PFG Advisors now owns 4,835 shares of the semiconductor company's stock valued at $2,804,000 after purchasing an additional 1,387 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of Monolithic Power Systems in the first quarter valued at $224,000. Finally, Lindbrook Capital LLC grew its position in shares of Monolithic Power Systems by 140.9% in the first quarter. Lindbrook Capital LLC now owns 306 shares of the semiconductor company's stock valued at $177,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

MPWR stock traded up $17.33 during mid-day trading on Monday, hitting $732.01. 95,247 shares of the stock were exchanged, compared to its average volume of 812,656. The stock has a market capitalization of $35.05 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.84 and a beta of 1.20. The business has a fifty day moving average price of $709.86 and a 200 day moving average price of $645.90. 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 released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. During the same quarter in the previous year, the business earned $2.81 earnings per share. The company's quarterly revenue was up 39.2% on a year-over-year basis. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued 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 0.85%. Monolithic Power Systems's dividend payout ratio is presently 16.56%.

Analysts Set New Price Targets

MPWR has been the subject of several recent research reports. TD Cowen lifted 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. Stifel Nicolaus reduced their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Citigroup lifted their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reissued a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $695.00 to $730.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Two 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $805.67.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 6,000 shares of the business'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 value of $4,500,000.00. Following the sale, the chief financial officer directly owned 46,939 shares of the company's stock, valued at $35,204,250. The trade was a 11.33% decrease in their position. 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 the company's stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock worth $13,046,800 in the last 90 days. Company insiders own 3.40% of the company's stock.

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.