Frank Rimerman Advisors LLC Acquires Shares of 423 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Frank Rimerman Advisors LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 423 shares of the semiconductor company’s stock, valued at approximately $348,000.

Other institutional investors have also modified their holdings of the company. Gilbert & Cook Inc. increased its stake in Monolithic Power Systems by 8.6% in the 4th 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. D.A. Davidson & CO. acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth about $260,000. EverSource Wealth Advisors LLC lifted its position 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 during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Monolithic Power Systems by 199.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock valued at $2,772,000 after purchasing an additional 2,925 shares in the last quarter. Finally, Commerce Bank increased its position in Monolithic Power Systems by 1.2% during the 4th quarter. Commerce Bank now owns 2,774 shares of the semiconductor company’s stock worth $1,750,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds 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 completion of the transaction, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,299 shares of company stock worth $83,140,933. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. KeyCorp boosted their target price on shares of 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. Needham & Company LLC increased their price target 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. Truist Financial raised their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Oppenheimer upped their target price 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. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $912.30.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $911.00 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64. The stock has a market cap of $44.35 billion, a price-to-earnings ratio of 108.58, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. The firm has a 50 day simple moving average of $862.93 and a 200-day simple moving average of $779.13.

Monolithic Power Systems (NASDAQ:MPWR) last released 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 company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same quarter last year, the business posted $2.05 earnings per share. Monolithic Power Systems’s revenue was up 15.0% compared to the same quarter last year. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 10.41 earnings per share 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. Investors of record on Monday, September 30th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, September 30th. 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.