Private Advisor Group LLC Has $660,000 Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Private Advisor Group LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 803 shares of the semiconductor company’s stock after buying an additional 178 shares during the quarter. Private Advisor Group LLC’s holdings in Monolithic Power Systems were worth $660,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MPWR. Dynamic Advisor Solutions LLC lifted its holdings in Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 12 shares during the period. EverSource Wealth Advisors LLC grew its stake in Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 15 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Monolithic Power Systems by 2.8% during the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after buying an additional 15 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of Monolithic Power Systems by 2.0% during the 1st quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock worth $541,000 after purchasing an additional 16 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Monolithic Power Systems by 9.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 212 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

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

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $867.31 on Wednesday. The company’s 50 day moving average price is $859.74 and its 200-day moving average price is $773.62. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $959.64. The company has a market capitalization of $42.28 billion, a P/E ratio of 103.37, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $490.66 million. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. Analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $1.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.58%. Monolithic Power Systems’s payout ratio is currently 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction on Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the completion of the sale, the director now 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 accessible through this hyperlink. In other news, CEO Michael Hsing sold 2,672 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the transaction, the chief executive officer now directly owns 877,736 shares of the company’s stock, valued at $706,200,053.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the sale, the director now owns 29,232 shares of the company’s stock, valued at approximately $23,983,686.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,299 shares of company stock valued at $83,140,933. 3.20% of the stock is currently owned by company 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.