RiverPark Advisors LLC Takes Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

RiverPark Advisors LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 40 shares of the semiconductor company’s stock, valued at approximately $27,000.

Other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems during the first quarter worth about $31,000. Arlington Trust Co LLC grew its holdings in shares of Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Monolithic Power Systems during the 4th quarter worth approximately $43,000. EverSource Wealth Advisors LLC increased its stake in Monolithic Power Systems by 23.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after buying an additional 15 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in Monolithic Power Systems by 137.0% during the 4th quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Saria Tseng sold 869 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.02, for a total value of $599,627.38. Following the completion of the sale, the executive vice president now directly owns 203,521 shares of the company’s stock, valued at approximately $140,433,560.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the firm’s 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 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. Also, EVP Saria Tseng sold 869 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $690.02, for a total transaction of $599,627.38. Following the completion of the sale, the executive vice president now directly owns 203,521 shares of the company’s stock, valued at $140,433,560.42. The disclosure for this sale can be found here. Insiders sold 70,311 shares of company stock worth $53,882,031 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR traded up $8.48 during mid-day trading on Wednesday, reaching $854.68. The company’s stock had a trading volume of 34,403 shares, compared to its average volume of 509,285. The company’s 50 day moving average is $772.12 and its 200 day moving average is $700.21. The stock has a market cap of $41.61 billion, a PE ratio of 100.86, a price-to-earnings-growth ratio of 4.26 and a beta of 1.11. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $868.97.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly 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 for the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $1.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a yield of 0.59%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Wall Street Analyst Weigh In

MPWR has been the subject of several research reports. Wells Fargo & Company boosted their price target 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. KeyCorp boosted their target price on Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday. Oppenheimer increased their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Truist Financial boosted their price objective 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 target price 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $779.89.

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.