SVB Wealth LLC Buys Shares of 312 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

SVB Wealth LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 312 shares of the semiconductor company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently bought and sold shares of MPWR. Global Retirement Partners LLC increased its position in shares of Monolithic Power Systems by 28.5% during the 4th quarter. Global Retirement Partners LLC now owns 474 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 105 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Monolithic Power Systems by 4.0% during the 4th quarter. Fifth Third Bancorp now owns 10,919 shares of the semiconductor company’s stock worth $6,887,000 after purchasing an additional 416 shares during the last quarter. JB Capital LLC increased its position in shares of Monolithic Power Systems by 13.3% during the 4th quarter. JB Capital LLC now owns 2,044 shares of the semiconductor company’s stock worth $1,290,000 after purchasing an additional 240 shares during the last quarter. Pinnacle Financial Partners Inc increased its position in shares of Monolithic Power Systems by 5.0% during the 4th quarter. Pinnacle Financial Partners Inc now owns 11,673 shares of the semiconductor company’s stock worth $7,363,000 after purchasing an additional 552 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in shares of Monolithic Power Systems by 0.7% during the 4th quarter. State of Michigan Retirement System now owns 13,770 shares of the semiconductor company’s stock worth $8,686,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MPWR shares. Truist Financial boosted their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Oppenheimer boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Rosenblatt Securities boosted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday. KeyCorp boosted their target price on Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $822.38.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $781.85 on Wednesday. The stock has a fifty day moving average price of $806.71 and a 200-day moving average price of $724.42. The company has a market cap of $38.06 billion, a price-to-earnings ratio of 93.19, a PEG ratio of 4.13 and a beta of 1.11. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $891.67.

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

Monolithic Power Systems Announces Dividend

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 dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.64%. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 200 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total transaction of $147,000.00. Following the completion of the sale, the director now directly owns 941 shares in the company, valued at approximately $691,635. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Kuo Wei Herbert Chang sold 200 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total transaction of $147,000.00. Following the completion of the sale, the director now directly owns 941 shares in the company, valued at approximately $691,635. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 737 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $689.98, for a total value of $508,515.26. Following the sale, the chief financial officer now owns 74,986 shares of the company’s stock, valued at $51,738,840.28. The disclosure for this sale can be found here. Insiders sold a total of 86,209 shares of company stock worth $69,015,793 in the last ninety days. 3.20% of the stock is owned by insiders.

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.