833 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 833 shares of the semiconductor company’s stock, valued at approximately $911,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the last quarter. Empowered Funds LLC boosted its stake in Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after buying an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth $347,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 8.5%

Shares of NASDAQ MPWR opened at $1,316.24 on Friday. The firm has a market cap of $64.67 billion, a price-to-earnings ratio of 94.90, a PEG ratio of 2.35 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52-week low of $686.87 and a 52-week high of $1,714.09. The business’s 50 day moving average is $1,553.78 and its two-hundred day moving average is $1,246.82.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period last year, the business posted $4.04 earnings per share. Analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 57.68%.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the sale, the director directly owned 4,786 shares in the company, valued at $7,595,669.16. This represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Saria Tseng sold 25,674 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the sale, the executive vice president directly owned 174,982 shares in the company, valued at $176,819,311. This represents a 12.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 113,043 shares of company stock worth $160,843,106 over the last 90 days. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial set a $1,805.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. TD Cowen boosted their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, Rosenblatt Securities raised their price target on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.