Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Norden Group LLC

Norden Group LLC grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1,722.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 23,364 shares of the semiconductor company’s stock after acquiring an additional 22,082 shares during the quarter. Norden Group LLC’s holdings in Monolithic Power Systems were worth $15,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MPWR. Vanguard Group Inc. lifted its position in Monolithic Power Systems by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after acquiring an additional 90,589 shares in the last quarter. Franklin Resources Inc. lifted its position in Monolithic Power Systems by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after acquiring an additional 43,191 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Monolithic Power Systems by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock worth $666,219,000 after acquiring an additional 3,105 shares in the last quarter. Brown Advisory Inc. lifted its position in Monolithic Power Systems by 4.4% during the 4th quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock worth $648,736,000 after acquiring an additional 43,225 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in 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 acquiring an additional 85,676 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Deming Xiao sold 1,300 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total transaction of $1,000,220.00. Following the completion of the transaction, the executive vice president now directly owns 206,418 shares in the company, valued at approximately $158,818,009.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Saria Tseng sold 37,093 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the transaction, the executive vice president now owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deming Xiao sold 1,300 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the completion of the transaction, the executive vice president now directly owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. 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 insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. 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 research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Oppenheimer boosted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. 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 report 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 report on Monday, April 8th. Two equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.00.

Monolithic Power Systems Trading Up 1.3 %

Shares of NASDAQ MPWR opened at $839.22 on Thursday. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $856.30. The company has a market capitalization of $40.85 billion, a price-to-earnings ratio of 100.03, a price-to-earnings-growth ratio of 4.14 and a beta of 1.11. The business has a 50 day simple moving average of $758.28 and a 200-day simple moving average of $693.51.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share 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 business had revenue of $457.89 million during the quarter, compared to the consensus estimate of $447.76 million. As a group, equities 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. Stockholders of record on Friday, June 28th will be issued a $1.25 dividend. 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 0.60%. Monolithic Power Systems’s dividend payout ratio (DPR) 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.