578 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Purchased by Oak Thistle LLC

Oak Thistle LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 578 shares of the semiconductor company’s stock, valued at approximately $392,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Monolithic Power Systems during the 4th quarter valued at approximately $362,477,000. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after purchasing an additional 123,946 shares in the last quarter. Rokos Capital Management LLP grew its holdings in shares of Monolithic Power Systems by 133.9% in the third quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock valued at $93,218,000 after purchasing an additional 115,250 shares in the last quarter. UBS Group AG increased its position in Monolithic Power Systems by 100.4% in the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock worth $122,552,000 after purchasing an additional 97,357 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Monolithic Power Systems by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after purchasing an additional 85,676 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oppenheimer boosted their target price 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. KeyCorp boosted their price objective on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Finally, Truist Financial increased 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $766.00.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $819.40 on Tuesday. The stock has a 50 day moving average price of $749.99 and a 200 day moving average price of $691.10. The firm has a market capitalization of $39.89 billion, a P/E ratio of 97.66, a P/E/G ratio of 4.11 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Insider Activity

In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $820.46, for a total transaction of $820,460.00. Following the transaction, the director now directly owns 29,232 shares in the company, valued at approximately $23,983,686.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Kuo Wei Herbert Chang sold 200 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total value of $147,000.00. Following the transaction, the director now directly owns 941 shares in the company, valued at approximately $691,635. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $820.46, for a total value of $820,460.00. Following the sale, the director now owns 29,232 shares of the company’s stock, valued at $23,983,686.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,046 shares of company stock valued at $27,243,313. Corporate insiders own 3.20% of the company’s stock.

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.