Mount Yale Investment Advisors LLC Has $1.18 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mount Yale Investment Advisors LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,438 shares of the semiconductor company’s stock after selling 71 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $1,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MPWR. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $25,000. RiverPark Advisors LLC acquired a new stake in Monolithic Power Systems during the 1st quarter valued at $27,000. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems in the first quarter valued at $31,000. Atwood & Palmer Inc. acquired a new stake in shares of Monolithic Power Systems in the second quarter worth $33,000. Finally, Crewe Advisors LLC grew its holdings in shares of 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 in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. KeyCorp raised their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC upped 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 research note on Monday, August 5th. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Oppenheimer upped their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $912.30.

Monolithic Power Systems Trading Down 2.2 %

Shares of NASDAQ:MPWR opened at $891.32 on Monday. The stock has a market capitalization of $43.39 billion, a PE ratio of 106.24, a P/E/G ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64. The firm has a fifty day moving average price of $862.05 and a 200 day moving average price of $776.99.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) 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 in the prior year, the company posted $2.05 EPS. The firm’s revenue was up 15.0% on a year-over-year basis. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $566,667.92. Following the transaction, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the sale, the chief financial officer now directly owns 64,178 shares in the company, valued at $49,955,513.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 37,093 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the sale, the executive vice president now directly owns 166,428 shares in the company, valued at $134,507,109.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,299 shares of company stock worth $83,140,933. 3.20% of the stock is owned by insiders.

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.