Advisor Resource Council Invests $241,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Advisor Resource Council bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the first quarter, HoldingsChannel reports. The institutional investor bought 382 shares of the semiconductor company’s stock, valued at approximately $241,000.

A number of other hedge funds also recently modified their holdings of MPWR. Norges Bank acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $362,477,000. Vanguard Group Inc. lifted its stake in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after buying an additional 123,946 shares during the last quarter. UBS Group AG lifted its stake in shares of Monolithic Power Systems by 100.4% during the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock worth $122,552,000 after buying an additional 97,357 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Monolithic Power Systems by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after buying an additional 85,676 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Monolithic Power Systems by 38,510.1% during the 4th quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock worth $48,222,000 after buying an additional 76,250 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of a number of research reports. KeyCorp raised their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Oppenheimer lifted their price objective 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $766.00.

Monolithic Power Systems Stock Up 1.3 %

Shares of NASDAQ:MPWR traded up $10.47 during midday trading on Thursday, hitting $839.22. The stock had a trading volume of 312,516 shares, compared to its average volume of 478,749. The company’s 50-day moving average price is $758.28 and its 200-day moving average price is $693.51. The company has a market capitalization of $40.85 billion, a P/E ratio of 100.03, a price-to-earnings-growth ratio of 4.14 and a beta of 1.11. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. Research analysts expect that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, June 28th. Monolithic Power Systems’s payout ratio is presently 59.59%.

Insider Activity

In related news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the sale, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 891,232 shares in the company, valued at $589,861,899.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,311 shares of company stock worth $61,382,161. 3.20% of the stock is currently owned by corporate insiders.

Monolithic Power Systems 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.