NewEdge Wealth LLC Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

NewEdge Wealth LLC raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 52.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 936 shares of the semiconductor company’s stock after acquiring an additional 321 shares during the quarter. NewEdge Wealth LLC’s holdings in Monolithic Power Systems were worth $591,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Massmutual Trust Co. FSB ADV raised its stake in Monolithic Power Systems by 12.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 20 shares in the last quarter. Heartland Bank & Trust Co raised its position in shares of Monolithic Power Systems by 1.3% during the 3rd quarter. Heartland Bank & Trust Co now owns 1,657 shares of the semiconductor company’s stock valued at $766,000 after buying an additional 21 shares in the last quarter. Arlington Trust Co LLC lifted its holdings in shares of Monolithic Power Systems by 56.1% during the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 23 shares during the last quarter. Polen Capital Management LLC grew its position in Monolithic Power Systems by 1.0% in the third quarter. Polen Capital Management LLC now owns 2,489 shares of the semiconductor company’s stock worth $1,150,000 after acquiring an additional 25 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Monolithic Power Systems by 4.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 613 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 1.4 %

Shares of NASDAQ:MPWR opened at $655.53 on Wednesday. The company has a market cap of $31.90 billion, a price-to-earnings ratio of 74.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.24. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The company has a 50-day moving average price of $697.25 and a 200-day moving average price of $599.75.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The business had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Oppenheimer upped their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp upped their price objective on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $670.30.

Insiders Place Their Bets

In other news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the sale, the chief executive officer now owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the sale, the chief financial officer now directly owns 84,768 shares of the company’s stock, valued at $51,137,143.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were 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 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. In the last ninety days, insiders sold 45,077 shares of company stock worth $30,357,479. 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 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.