Diversified Trust Co Takes $474,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Diversified Trust Co bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 699 shares of the semiconductor company’s stock, valued at approximately $474,000.

A number of other institutional investors have also added to or reduced their stakes in MPWR. Norges Bank bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $362,477,000. Vanguard Group Inc. increased 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 during the last quarter. UBS Group AG increased its holdings in shares of Monolithic Power Systems by 100.4% in the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after purchasing an additional 97,357 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Monolithic Power Systems by 10.0% in 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 period. Finally, International Assets Investment Management LLC lifted its stake in shares of Monolithic Power Systems by 38,510.1% during the 4th quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock worth $48,222,000 after buying an additional 76,250 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MPWR shares. Oppenheimer increased their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Truist Financial lifted their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Finally, KeyCorp boosted their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $766.00.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total value of $5,294,800.00. Following the sale, the chief executive officer now owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the completion of the transaction, the chief financial officer now directly owns 75,723 shares in the company, valued at approximately $50,226,308.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the transaction, 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 a total of 81,311 shares of company stock worth $61,382,161 over the last three months. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $839.22 on Thursday. The stock has a market capitalization of $40.85 billion, a P/E ratio of 100.03, a PEG ratio of 4.11 and a beta of 1.11. The stock’s fifty day moving average is $758.28 and its 200 day moving average is $693.51. 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 announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given 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 0.60%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

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.