Picton Mahoney Asset Management Purchases New Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Picton Mahoney Asset Management acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 2nd quarter, Holdings Channel reports. The firm acquired 230 shares of the semiconductor company’s stock, valued at approximately $189,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Family Firm Inc. bought a new position in Monolithic Power Systems in the second quarter worth $25,000. RiverPark Advisors LLC purchased a new position in Monolithic Power Systems during the 1st quarter valued at about $27,000. OFI Invest Asset Management bought a new stake in Monolithic Power Systems during the first quarter worth about $31,000. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems in the second quarter worth about $33,000. Finally, Crewe Advisors LLC increased its stake in shares of Monolithic Power Systems by 126.3% during 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 in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 3,205 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $2,665,213.90. Following the completion of the sale, the executive vice president now directly owns 203,213 shares of the company’s stock, valued at approximately $168,987,866.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Thursday, August 1st. The stock was 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 in the company, valued at $55,333,014.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total value of $2,665,213.90. Following the completion of the transaction, the executive vice president now directly owns 203,213 shares in the company, valued at $168,987,866.54. The disclosure for this sale can be found here. Insiders sold a total of 106,215 shares of company stock worth $88,496,208 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Trading Up 0.4 %

NASDAQ:MPWR traded up $4.07 during trading hours on Friday, reaching $934.68. The company had a trading volume of 520,123 shares, compared to its average volume of 569,825. The firm has a market cap of $45.57 billion, a price-to-earnings ratio of 111.40, a PEG ratio of 4.32 and a beta of 1.11. The firm’s 50 day moving average price is $850.14 and its 200-day moving average price is $761.39. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64.

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 the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The company had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. During the same period in the previous year, the business posted $2.05 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MPWR shares. Oppenheimer lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. KeyCorp raised their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Cowen upped their target price on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $912.30.

Monolithic Power Systems 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.