Nvwm LLC Acquires 310 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Nvwm LLC grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 35.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,192 shares of the semiconductor company’s stock after buying an additional 310 shares during the quarter. Nvwm LLC’s holdings in Monolithic Power Systems were worth $809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in shares of Monolithic Power Systems during the 3rd quarter worth about $4,862,000. Banque Pictet & Cie SA increased its stake in shares of Monolithic Power Systems by 34.8% during the 3rd quarter. Banque Pictet & Cie SA now owns 925 shares of the semiconductor company’s stock worth $427,000 after purchasing an additional 239 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Monolithic Power Systems by 0.5% during the 3rd quarter. American Century Companies Inc. now owns 272,036 shares of the semiconductor company’s stock worth $125,680,000 after purchasing an additional 1,273 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Monolithic Power Systems by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 853,243 shares of the semiconductor company’s stock worth $394,198,000 after purchasing an additional 7,204 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after purchasing an additional 123,946 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Saria Tseng sold 869 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $690.02, for a total transaction of $599,627.38. Following the transaction, the executive vice president now directly owns 203,521 shares of the company’s stock, valued at $140,433,560.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Maurice Sciammas sold 10,999 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $843.83, for a total transaction of $9,281,286.17. Following the transaction, the executive vice president now directly owns 118,876 shares of the company’s stock, valued at $100,311,135.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 869 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.02, for a total transaction of $599,627.38. Following the sale, the executive vice president now owns 203,521 shares of the company’s stock, valued at approximately $140,433,560.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,310 shares of company stock valued at $63,163,317. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Up 3.0 %

NASDAQ:MPWR traded up $24.72 during trading hours on Friday, reaching $855.67. The company had a trading volume of 513,200 shares, compared to its average volume of 424,998. The firm has a market cap of $41.65 billion, a price-to-earnings ratio of 101.99, a P/E/G ratio of 4.28 and a beta of 1.11. The business’s 50-day simple moving average is $781.62 and its two-hundred day simple moving average is $704.36. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $876.65.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Analysts Set New Price Targets

A number of research analysts recently commented on MPWR shares. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Truist Financial upped their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Finally, KeyCorp boosted their price objective on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $806.13.

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.