Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Lifted by Quest Investment Management LLC

Quest Investment Management LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 394.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,607 shares of the semiconductor company’s stock after purchasing an additional 11,651 shares during the period. Monolithic Power Systems accounts for about 1.3% of Quest Investment Management LLC’s investment portfolio, making the stock its 29th largest holding. Quest Investment Management LLC’s holdings in Monolithic Power Systems were worth $12,002,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MPWR. Gilbert & Cook Inc. lifted its holdings in shares of Monolithic Power Systems by 8.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,608 shares of the semiconductor company’s stock valued at $1,014,000 after buying an additional 127 shares during the period. PNC Financial Services Group Inc. raised its position in Monolithic Power Systems by 13.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,274 shares of the semiconductor company’s stock worth $5,219,000 after acquiring an additional 988 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $209,000. D.A. Davidson & CO. bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $260,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $299,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction 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 completion of the sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Saria Tseng sold 37,093 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the transaction, the executive vice president now owns 166,428 shares in the company, valued at approximately $134,507,109.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares in the company, valued at approximately $55,769,247.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,299 shares of company stock valued at $83,140,933. 3.20% of the stock is owned by insiders.

Monolithic Power Systems Trading Down 2.2 %

Shares of Monolithic Power Systems stock opened at $891.32 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64. The stock has a 50-day moving average price of $862.05 and a 200 day moving average price of $776.67. The company has a market cap of $43.39 billion, a P/E ratio of 106.24, a P/E/G ratio of 4.14 and a beta of 1.12.

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

Monolithic Power Systems Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on MPWR shares. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Rosenblatt Securities increased their price objective on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. KeyCorp lifted their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Raymond James upped their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC lifted their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $912.30.

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.