Granahan Investment Management LLC Acquires 88 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Granahan Investment Management LLC grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,603 shares of the semiconductor company’s stock after purchasing an additional 88 shares during the quarter. Granahan Investment Management LLC’s holdings in Monolithic Power Systems were worth $5,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MPWR. West Oak Capital LLC bought a new position in Monolithic Power Systems during the first quarter valued at about $28,000. Manchester Capital Management LLC acquired a new stake in Monolithic Power Systems in the 1st quarter worth approximately $28,000. Achmea Investment Management B.V. bought a new stake in Monolithic Power Systems during the first quarter worth approximately $27,000. Federated Hermes Inc. boosted its position in Monolithic Power Systems by 622.2% during the first quarter. Federated Hermes Inc. now owns 65 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 56 shares during the period. Finally, Allworth Financial LP grew its holdings in Monolithic Power Systems by 108.7% during the first quarter. Allworth Financial LP now owns 96 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 96.52% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Monolithic Power Systems in a report on Thursday, August 17th. They issued a “hold” rating on the stock. KeyCorp raised their target price on Monolithic Power Systems from $510.00 to $600.00 in a report on Tuesday, July 11th. Needham & Company LLC upped their price target on Monolithic Power Systems from $500.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $510.00 to $575.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Finally, Oppenheimer upped their target price on shares of Monolithic Power Systems from $475.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $553.46.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $500.87 on Monday. The firm has a market capitalization of $23.94 billion, a P/E ratio of 53.74, a P/E/G ratio of 3.06 and a beta of 1.13. The stock has a fifty day moving average price of $528.05 and a two-hundred day moving average price of $497.45. Monolithic Power Systems, Inc. has a 52-week low of $301.69 and a 52-week high of $595.98.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Monday, July 31st. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.11). The firm had revenue of $441.13 million for the quarter, compared to analyst estimates of $440.46 million. Monolithic Power Systems had a return on equity of 26.80% and a net margin of 24.50%. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 9.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, June 29th. Monolithic Power Systems’s dividend payout ratio is 42.92%.

Insiders Place Their Bets

In other news, VP Maurice Sciammas sold 9,843 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $534.23, for a total transaction of $5,258,425.89. Following the completion of the sale, the vice president now owns 190,201 shares in the company, valued at $101,611,080.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Monolithic Power Systems news, VP Maurice Sciammas sold 9,843 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $534.23, for a total transaction of $5,258,425.89. Following the completion of the sale, the vice president now directly owns 190,201 shares of the company’s stock, valued at approximately $101,611,080.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 10,960 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $537.79, for a total transaction of $5,894,178.40. Following the completion of the transaction, the chief executive officer now directly owns 1,049,447 shares in the company, valued at approximately $564,382,102.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,637 shares of company stock valued at $44,126,502. 3.20% of the stock is currently owned by corporate 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 computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.