Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 526 shares of the semiconductor company’s stock after purchasing an additional 66 shares during the quarter. Perigon Wealth Management LLC’s holdings in Monolithic Power Systems were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Achmea Investment Management B.V. bought a new stake in Monolithic Power Systems during the 1st quarter valued at $27,000. Sunbelt Securities Inc. bought a new stake in Monolithic Power Systems during the 1st quarter valued at $37,000. Arlington Trust Co LLC raised its stake in Monolithic Power Systems by 56.1% during the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 23 shares in the last quarter. Operose Advisors LLC bought a new stake in Monolithic Power Systems during the 3rd quarter valued at $43,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $602.01, for a total value of $4,816,080.00. Following the transaction, the chief executive officer now owns 921,774 shares in the company, valued at $554,917,165.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the sale, the director now owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $602.01, for a total value of $4,816,080.00. Following the completion of the sale, the chief executive officer now directly owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. Insiders have sold 45,077 shares of company stock worth $30,357,479 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MPWR. KeyCorp lifted their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. TD Cowen boosted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Oppenheimer boosted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC boosted their target price on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $670.30.

Monolithic Power Systems Trading Up 1.4 %

Shares of MPWR stock opened at $655.53 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15. The company has a market capitalization of $31.90 billion, a price-to-earnings ratio of 74.83, a P/E/G ratio of 3.46 and a beta of 1.24. The stock’s fifty day simple moving average is $697.25 and its 200-day simple moving average is $599.75.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The business had revenue of $454.01 million for the quarter, compared to analysts’ expectations of $452.13 million. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a yield of 0.76%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s payout ratio is 57.08%.

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.