EverSource Wealth Advisors LLC Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

EverSource Wealth Advisors LLC boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 301.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 317 shares of the semiconductor company’s stock after acquiring an additional 238 shares during the period. EverSource Wealth Advisors LLC’s holdings in Monolithic Power Systems were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RiverPark Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 1st quarter valued at $27,000. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 1st quarter valued at $31,000. Arlington Trust Co LLC boosted its holdings in shares of Monolithic Power Systems by 56.1% in the 4th 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 during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at $43,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of Monolithic Power Systems by 137.0% in the 4th quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 63 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Up 1.4 %

MPWR stock traded up $10.81 during trading on Friday, reaching $795.76. The stock had a trading volume of 1,366,777 shares, compared to its average volume of 590,092. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $891.67. The company has a market capitalization of $38.74 billion, a P/E ratio of 94.85, a PEG ratio of 3.92 and a beta of 1.11. The firm has a fifty day moving average price of $810.38 and a 200 day moving average price of $728.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 EPS. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the completion of the sale, the chief financial officer now owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $852.51, for a total transaction of $2,131,275.00. Following the completion of the sale, the chief financial officer now owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 200 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $735.00, for a total transaction of $147,000.00. Following the sale, the director now directly owns 941 shares of the company’s stock, valued at approximately $691,635. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,709 shares of company stock valued at $71,147,068. Insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MPWR shares. KeyCorp lifted their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Truist Financial lifted their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Raymond James lifted their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $862.30.

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.