Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,366 shares of the semiconductor company’s stock after purchasing an additional 169 shares during the quarter. SteelPeak Wealth LLC’s holdings in Monolithic Power Systems were worth $927,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPWR. Mariner LLC raised its holdings in shares of Monolithic Power Systems by 3.1% in the third quarter. Mariner LLC now owns 4,511 shares of the semiconductor company’s stock worth $2,084,000 after acquiring an additional 137 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Monolithic Power Systems by 438.8% in the third quarter. Federated Hermes Inc. now owns 264 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 215 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Monolithic Power Systems by 22.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 633 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 117 shares during the last quarter. Mutual Advisors LLC acquired a new position in shares of Monolithic Power Systems in the third quarter worth $418,000. Finally, Bank of Nova Scotia raised its holdings in shares of Monolithic Power Systems by 18.4% in the third quarter. Bank of Nova Scotia now owns 4,300 shares of the semiconductor company’s stock worth $1,987,000 after acquiring an additional 667 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MPWR shares. Truist Financial boosted their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Oppenheimer upped their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Wells Fargo & Company upped their target price on 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, KeyCorp upped their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $766.00.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the completion of the sale, the chief financial officer now owns 75,723 shares of the company’s stock, valued at $50,226,308.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the completion of the sale, the chief financial officer now owns 75,723 shares of the company’s stock, valued at $50,226,308.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $731.08, for a total value of $5,848,640.00. Following the completion of the sale, the chief executive officer now directly owns 880,408 shares of the company’s stock, valued at approximately $643,648,680.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,046 shares of company stock valued at $31,842,373. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock traded up $12.21 during trading on Friday, reaching $821.68. 721,768 shares of the stock traded hands, compared to its average volume of 470,531. The business’s 50 day moving average price is $745.61 and its 200-day moving average price is $689.82. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $856.30. The firm has a market capitalization of $40.00 billion, a PE ratio of 97.94, a P/E/G ratio of 4.11 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results 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 return on equity of 21.01% and a net margin of 22.44%. The firm had revenue of $457.89 million during the quarter, compared to the consensus estimate of $447.76 million. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis 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%.

About Monolithic Power Systems

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.