Advisor Resource Council Purchases Shares of 382 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Advisor Resource Council purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 382 shares of the semiconductor company’s stock, valued at approximately $241,000.

Other institutional investors also recently modified their holdings of the company. Arlington Trust Co LLC increased 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 buying an additional 23 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $43,000. EverSource Wealth Advisors LLC increased its holdings in shares of Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 15 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Monolithic Power Systems by 137.0% in the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 63 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Monolithic Power Systems by 145.8% in the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 70 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other news, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $804.19, for a total value of $2,010,475.00. Following the completion of the transaction, the chief financial officer now owns 69,986 shares of the company’s stock, valued at $56,282,041.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,311 shares of company stock valued at $61,382,161. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Up 1.3 %

Shares of Monolithic Power Systems stock traded up $10.47 on Thursday, hitting $839.22. 312,516 shares of the company traded hands, compared to its average volume of 478,749. The company has a 50-day moving average price of $758.28 and a 200 day moving average price of $693.51. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $856.30. The company has a market cap of $40.85 billion, a PE ratio of 100.03, a PEG ratio of 4.14 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Wall Street Analyst Weigh In

MPWR has been the topic of several research analyst reports. Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. KeyCorp lifted their price objective on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Finally, Truist Financial lifted their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $766.00.

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.