Blair William & Co. IL Raises Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Blair William & Co. IL lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,598 shares of the semiconductor company’s stock after purchasing an additional 113 shares during the period. Blair William & Co. IL’s holdings in Monolithic Power Systems were worth $7,887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $25,000. RiverPark Advisors LLC purchased a new stake in Monolithic Power Systems in the first quarter worth $27,000. Atwood & Palmer Inc. bought a new position in Monolithic Power Systems in the second quarter worth $33,000. Crewe Advisors LLC lifted its position in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the period. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at $36,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $891.32 on Friday. The stock has a fifty day simple moving average of $862.05 and a two-hundred day simple moving average of $776.26. The firm has a market capitalization of $43.39 billion, a PE ratio of 106.24, a PEG ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same period in the prior year, the company posted $2.05 EPS. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.56%. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Oppenheimer upped their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. KeyCorp increased their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Raymond James lifted their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $912.30.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the sale, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at $19,432,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,299 shares of company stock worth $83,140,933. Corporate insiders own 3.20% of the company’s stock.

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.