Plato Investment Management Ltd Raises Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Plato Investment Management Ltd boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 578.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251 shares of the semiconductor company’s stock after buying an additional 214 shares during the quarter. Plato Investment Management Ltd’s holdings in Monolithic Power Systems were worth $170,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MPWR. RiverPark Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at $27,000. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the 1st quarter worth about $31,000. Arlington Trust Co LLC raised its position in shares of Monolithic Power Systems by 56.1% during the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 23 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 15 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other news, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the sale, the director now owns 29,232 shares in the company, valued at $23,983,686.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Theodore Blegen sold 737 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $689.98, for a total transaction of $508,515.26. Following the completion of the transaction, the chief financial officer now directly owns 74,986 shares of the company’s stock, valued at approximately $51,738,840.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Victor K. Lee sold 1,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the completion of the sale, the director now directly owns 29,232 shares of the company’s stock, valued at approximately $23,983,686.72. The disclosure for this sale can be found here. Insiders sold 86,209 shares of company stock valued at $69,015,793 over the last three months. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of MPWR stock traded down $78.14 during trading hours on Thursday, reaching $784.95. The stock had a trading volume of 1,122,591 shares, compared to its average volume of 528,748. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $891.67. The firm has a 50-day simple moving average of $808.76 and a 200-day simple moving average of $725.39. The firm has a market capitalization of $38.21 billion, a PE ratio of 94.17, a price-to-earnings-growth ratio of 3.91 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. During the same quarter in the prior year, the firm posted $2.05 EPS. Monolithic Power Systems’s revenue was up 15.0% compared to the same quarter last year. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several analyst reports. KeyCorp increased their price target on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Rosenblatt Securities raised their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Finally, Oppenheimer lifted their price target 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $822.38.

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.