 D.A. Davidson & CO. purchased a new stake in shares of  Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor  purchased 337 shares of the semiconductor company’s stock, valued at approximately $247,000.
D.A. Davidson & CO. purchased a new stake in shares of  Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor  purchased 337 shares of the semiconductor company’s stock, valued at approximately $247,000. 
A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Monolithic Power Systems by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company’s stock valued at $3,433,870,000 after acquiring an additional 96,395 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Monolithic Power Systems by 33.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock valued at $1,180,104,000 after acquiring an additional 506,430 shares during the last quarter. Invesco Ltd. boosted its position in Monolithic Power Systems by 7.5% during the first quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company’s stock valued at $724,589,000 after acquiring an additional 86,853 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Monolithic Power Systems by 26.5% during the first quarter. JPMorgan Chase & Co. now owns 629,566 shares of the semiconductor company’s stock valued at $365,136,000 after acquiring an additional 132,078 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Monolithic Power Systems by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 355,312 shares of the semiconductor company’s stock valued at $206,074,000 after acquiring an additional 5,390 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Price Performance
MPWR opened at $1,087.56 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38. The firm has a market capitalization of $52.08 billion, a PE ratio of 28.32, a P/E/G ratio of 4.08 and a beta of 1.27. The company’s 50-day moving average is $928.18 and its 200 day moving average is $779.89.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 16.25%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. KeyCorp upped their price target on shares of Monolithic Power Systems from $1,050.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Finally, William Blair raised shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $963.18.
View Our Latest Report on MPWR
Insider Buying and Selling at Monolithic Power Systems
In related news, EVP Saria Tseng sold 1,300 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $1,087.62, for a total value of $1,413,906.00. Following the sale, the executive vice president owned 126,354 shares in the company, valued at $137,425,137.48. This represents a 1.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the completion of the sale, the chief financial officer owned 37,940 shares in the company, valued at $34,647,566.80. This represents a 7.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 40,843 shares of company stock worth $38,938,463. 3.40% of the stock is currently owned by insiders.
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.
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