330 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Bought by Brighton Jones LLC

Brighton Jones LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 330 shares of the semiconductor company’s stock, valued at approximately $272,000.

Several other institutional investors have also recently made changes to their positions in the business. Kentucky Retirement Systems raised its holdings in shares of Monolithic Power Systems by 0.6% during the second quarter. Kentucky Retirement Systems now owns 3,668 shares of the semiconductor company’s stock worth $3,014,000 after purchasing an additional 21 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Monolithic Power Systems by 1.2% during the second quarter. Blair William & Co. IL now owns 9,598 shares of the semiconductor company’s stock worth $7,887,000 after purchasing an additional 113 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Monolithic Power Systems by 31.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,218 shares of the semiconductor company’s stock worth $4,188,000 after purchasing an additional 1,251 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Monolithic Power Systems by 0.4% during the second quarter. Amalgamated Bank now owns 10,329 shares of the semiconductor company’s stock worth $8,487,000 after purchasing an additional 38 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Monolithic Power Systems by 62.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,868 shares of the semiconductor company’s stock worth $1,535,000 after purchasing an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Hsing sold 2,672 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the completion of the sale, the chief executive officer now directly owns 877,736 shares in the company, valued at $706,200,053.52. The disclosure for this sale can be found here. Insiders have sold 98,299 shares of company stock worth $83,140,933 in the last ninety days. 3.20% of the stock is owned by insiders.

Analyst Ratings Changes

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

Monolithic Power Systems Stock Down 2.2 %

Shares of NASDAQ MPWR opened at $891.32 on Monday. The firm has a market cap of $43.39 billion, a price-to-earnings ratio of 106.24, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. The company’s 50-day simple moving average is $862.05 and its 200-day simple moving average is $776.99. 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 earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. Monolithic Power Systems’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company 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 of this dividend is Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.56%. Monolithic Power Systems’s payout ratio is 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.