Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Pier Capital LLC

Pier Capital LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,235 shares of the semiconductor company’s stock after purchasing an additional 40 shares during the quarter. Pier Capital LLC’s holdings in Monolithic Power Systems were worth $1,015,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MPWR. Family Firm Inc. purchased a new stake in Monolithic Power Systems during the second quarter worth approximately $25,000. RiverPark Advisors LLC purchased a new stake in Monolithic Power Systems during the 1st quarter worth $27,000. Atwood & Palmer Inc. acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at $33,000. Crewe Advisors LLC raised its position in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the first quarter worth about $31,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

MPWR opened at $895.16 on Thursday. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64. The company has a 50-day moving average of $854.95 and a 200-day moving average of $767.64. The company has a market capitalization of $43.64 billion, a P/E ratio of 106.69, a PEG ratio of 3.73 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same quarter last year, the business posted $2.05 EPS. Monolithic Power Systems’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, June 28th. This represents a $5.00 annualized dividend and a yield of 0.56%. Monolithic Power Systems’s payout ratio is 59.59%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. TD Cowen increased their target price on Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. KeyCorp boosted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $912.30.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael Hsing sold 2,672 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the sale, the chief executive officer now directly owns 877,736 shares in the company, valued at approximately $706,200,053.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The disclosure for this sale can be found here. Insiders sold a total of 98,299 shares of company stock worth $83,140,933 over the last 90 days. Insiders own 3.20% of the company’s stock.

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.