Highland Capital Management LLC Acquires Shares of 1,802 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Highland Capital Management LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,802 shares of the semiconductor company’s stock, valued at approximately $1,221,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nvwm LLC raised its holdings in shares of Monolithic Power Systems by 35.1% during the first quarter. Nvwm LLC now owns 1,192 shares of the semiconductor company’s stock valued at $809,000 after purchasing an additional 310 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Monolithic Power Systems by 14.8% during the first quarter. Oppenheimer & Co. Inc. now owns 4,718 shares of the semiconductor company’s stock valued at $3,196,000 after purchasing an additional 610 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Monolithic Power Systems by 952.2% during the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock valued at $63,068,000 after purchasing an additional 84,253 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $1,417,000. Finally, Empirical Finance LLC raised its holdings in shares of Monolithic Power Systems by 4.9% during the first quarter. Empirical Finance LLC now owns 1,251 shares of the semiconductor company’s stock valued at $847,000 after purchasing an additional 59 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the transaction, the chief executive officer now owns 891,232 shares in the company, valued at $589,861,899.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Monolithic Power Systems news, EVP Saria Tseng sold 37,093 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the completion of the transaction, the executive vice president now owns 166,428 shares in the company, valued at $134,507,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the transaction, the chief executive officer now owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,310 shares of company stock worth $63,163,317. 3.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Oppenheimer upped their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. KeyCorp upped their target price on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Truist Financial upped their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two equities research 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, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $806.13.

Monolithic Power Systems Stock Performance

Shares of MPWR traded up $24.72 during mid-day trading on Friday, reaching $855.67. The stock had a trading volume of 513,200 shares, compared to its average volume of 424,998. The firm has a market cap of $41.65 billion, a price-to-earnings ratio of 101.99, a PEG ratio of 4.28 and a beta of 1.11. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $876.65. The business has a fifty day moving average of $781.62 and a 200 day moving average of $704.36.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping 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 analyst estimates of $447.76 million. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.58%. Monolithic Power Systems’s dividend payout ratio is 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.