Riverview Trust Co Takes $108,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Riverview Trust Co bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 160 shares of the semiconductor company’s stock, valued at approximately $108,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Monolithic Power Systems by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after acquiring an additional 90,589 shares during the period. Franklin Resources Inc. lifted its position in shares of Monolithic Power Systems by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after acquiring an additional 43,191 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Monolithic Power Systems by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock worth $666,219,000 after acquiring an additional 3,105 shares during the period. Brown Advisory Inc. lifted its position in shares of Monolithic Power Systems by 4.4% in the 4th quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock worth $648,736,000 after acquiring an additional 43,225 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Monolithic Power Systems by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after acquiring an additional 85,676 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 1,300 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the sale, the executive vice president now directly owns 206,418 shares in the company, valued at $158,818,009.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Deming Xiao sold 1,300 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the sale, the executive vice president now directly owns 206,418 shares in the company, valued at $158,818,009.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $677.44, for a total value of $5,419,520.00. Following the completion of the sale, the chief executive officer now owns 899,232 shares in the company, valued at $609,175,726.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,046 shares of company stock worth $31,842,373. Corporate insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

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

Monolithic Power Systems Stock Up 2.7 %

Shares of Monolithic Power Systems stock opened at $819.87 on Wednesday. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $856.30. The business has a fifty day simple moving average of $733.63 and a 200 day simple moving average of $685.23. The stock has a market cap of $39.91 billion, a PE ratio of 97.72, a price-to-earnings-growth ratio of 3.99 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.02. The firm had revenue of $457.89 million for the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. Analysts expect that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.00 annualized dividend and a yield of 0.61%. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

About Monolithic Power Systems

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.