Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,681 shares of the semiconductor company’s stock after acquiring an additional 187 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Monolithic Power Systems were worth $1,816,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MPWR. Arlington Trust Co LLC raised its holdings in Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 23 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $43,000. EverSource Wealth Advisors LLC raised its stake in shares of Monolithic Power Systems by 23.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 15 shares during the period. Lindbrook Capital LLC increased its stake in shares of Monolithic Power Systems by 137.0% in the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after buying an additional 63 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Monolithic Power Systems by 145.8% in the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock worth $74,000 after buying an additional 70 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $841.65 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $856.30. The company has a market cap of $40.97 billion, a price-to-earnings ratio of 100.32, a price-to-earnings-growth ratio of 4.19 and a beta of 1.11. The firm has a fifty day moving average of $765.14 and a 200-day moving average of $695.96.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The company had revenue of $457.89 million during the quarter, compared to the consensus estimate of $447.76 million. Analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, June 28th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 37,093 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the sale, the executive vice president now owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Saria Tseng sold 37,093 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the sale, the executive vice president now owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the sale, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The disclosure for this sale can be found here. Insiders sold 81,311 shares of company stock valued at $61,382,161 over the last 90 days. 3.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. KeyCorp lifted their price target on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.00.

Check Out Our Latest Research Report on MPWR

About Monolithic Power Systems

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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