Marshall Financial Group LLC Buys 77 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Marshall Financial Group LLC boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,883 shares of the semiconductor company’s stock after acquiring an additional 77 shares during the quarter. Marshall Financial Group LLC’s holdings in Monolithic Power Systems were worth $1,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MPWR. Arlington Trust Co LLC raised its holdings 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 valued at $40,000 after buying 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 valued at $43,000. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 15 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Monolithic Power Systems by 137.0% during the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 63 shares during the period. Finally, Private Trust Co. NA increased its holdings in Monolithic Power Systems by 145.8% during the 4th quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,672 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the completion of the sale, the chief executive officer now owns 877,736 shares of the company’s stock, valued at $706,200,053.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael Hsing sold 2,672 shares of Monolithic Power Systems stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the transaction, the chief executive officer now directly owns 877,736 shares of the company’s stock, valued at approximately $706,200,053.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the completion of the sale, the chief financial officer now directly owns 75,723 shares of the company’s stock, valued at $50,226,308.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,311 shares of company stock worth $61,382,161. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded up $10.47 during midday trading on Thursday, hitting $839.22. 312,516 shares of the stock traded hands, compared to its average volume of 478,749. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $856.30. The firm has a market capitalization of $40.85 billion, a P/E ratio of 100.03, a PEG ratio of 4.14 and a beta of 1.11. The firm has a 50-day moving average of $761.85 and a two-hundred day moving average of $694.52.

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

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders 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 annualized dividend and a yield of 0.60%. Monolithic Power Systems’s payout ratio is presently 59.59%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MPWR. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Truist Financial upped their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Wells Fargo & Company upped their price target on 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 price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, 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. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently 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.