Diversified Trust Co Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Diversified Trust Co purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 699 shares of the semiconductor company’s stock, valued at approximately $474,000.

A number of other hedge funds have also recently made changes to their positions in MPWR. SteelPeak Wealth LLC boosted its stake in Monolithic Power Systems by 14.1% during the first quarter. SteelPeak Wealth LLC now owns 1,366 shares of the semiconductor company’s stock valued at $927,000 after buying an additional 169 shares during the period. Trilogy Capital Inc. purchased a new position in shares of Monolithic Power Systems during the first quarter worth about $400,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Monolithic Power Systems by 7.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,681 shares of the semiconductor company’s stock worth $1,816,000 after purchasing an additional 187 shares during the last quarter. Corundum Group Inc. purchased a new stake in Monolithic Power Systems in the first quarter valued at approximately $211,000. Finally, SMI Advisory Services LLC purchased a new stake in Monolithic Power Systems in the first quarter valued at approximately $4,160,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Up 1.3 %

NASDAQ MPWR opened at $839.22 on Thursday. The company has a 50-day simple moving average of $758.28 and a two-hundred day simple moving average of $693.51. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $856.30. The firm has a market cap of $40.85 billion, a price-to-earnings ratio of 100.03, a PEG ratio of 4.11 and a beta of 1.11.

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, beating the consensus estimate 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 company had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Equities analysts expect that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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 issued 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 dividend payout ratio is 59.59%.

Analyst Ratings Changes

A number of brokerages have recently commented on MPWR. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Truist Financial increased their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. KeyCorp raised their price target on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Oppenheimer upped their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $766.00.

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 sale, the chief executive officer now owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a legal filing 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 that occurred on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total value 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. Insiders have sold a total of 81,311 shares of company stock valued at $61,382,161 over the last three months. 3.20% of the stock is owned by company 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.