Aptus Capital Advisors LLC Invests $242,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Aptus Capital Advisors LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 294 shares of the semiconductor company’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the second quarter worth approximately $25,000. RiverPark Advisors LLC bought a new position in Monolithic Power Systems in the 1st quarter worth $27,000. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter worth $33,000. Crewe Advisors LLC raised its holdings in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Monolithic Power Systems during the 1st quarter valued at approximately $31,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MPWR. Raymond James increased their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Truist Financial raised their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. KeyCorp raised their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Rosenblatt Securities boosted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $912.30.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $850.51 on Thursday. The firm has a market capitalization of $41.40 billion, a PE ratio of 101.37, a PEG ratio of 4.32 and a beta of 1.12. The stock’s fifty day moving average is $853.93 and its 200 day moving average is $764.28. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The business had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.59%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Activity

In related news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,299 shares of company stock valued at $83,140,933. 3.20% of the stock is currently owned by 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.