MJP Associates Inc. ADV Has $571,000 Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

MJP Associates Inc. ADV lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 24.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 842 shares of the semiconductor company’s stock after purchasing an additional 165 shares during the period. MJP Associates Inc. ADV’s holdings in Monolithic Power Systems were worth $571,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MPWR. Arlington Trust Co LLC raised its stake in Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after buying an additional 23 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Monolithic Power Systems during the fourth quarter worth $43,000. EverSource Wealth Advisors LLC raised its stake in Monolithic Power Systems by 23.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after buying an additional 15 shares during the last quarter. Operose Advisors LLC bought a new position in Monolithic Power Systems during the third quarter worth $43,000. Finally, Lindbrook Capital LLC raised its stake in Monolithic Power Systems by 137.0% during the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $0.84 during mid-day trading on Friday, reaching $826.17. 994,612 shares of the company’s stock traded hands, compared to its average volume of 409,857. The stock has a market cap of $40.22 billion, a P/E ratio of 98.47, a PEG ratio of 4.22 and a beta of 1.13. The business has a 50-day simple moving average of $727.31 and a 200 day simple moving average of $681.00. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.12 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 Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. KeyCorp lifted their price target on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Truist Financial lifted their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, Oppenheimer lifted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $766.00.

Insider Buying and Selling

In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the transaction, the chief executive officer now directly owns 880,408 shares in the company, valued at $643,648,680.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $731.08, for a total value of $5,848,640.00. Following the transaction, the chief executive officer now directly owns 880,408 shares in the company, valued at $643,648,680.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the completion of the transaction, the chief financial officer now owns 75,723 shares in the company, valued at $50,226,308.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,046 shares of company stock worth $31,842,373. 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.